by our College Data Analytics TeamHere you will find what students actually borrow to attend No Grease Barber School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At No Grease Barber School specifically, 100% of first-year students take on loan debt, with a typical loan of $5,625 each, across private and federal loan sources.
The average federal loan is $5,625. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at No Grease Barber School, 100% take out federal student loans, at an average of $6,956 each per year. This is 23.7% greater than the $5,625 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,912 in two years and roughly $27,824 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $6,956 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $187,824 |
The middle borrower at No Grease Barber School owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,179 |
| Students who withdrew | $7,134 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Repayment burden translates the debt figures into what a borrower actually pays each month. No Grease Barber School.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at No Grease Barber School.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.