by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ohio State College of Barber Styling, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Ohio State College of Barber Styling, 99% of new students use loans toward freshman-year expenses, averaging $3,464 each, across private and federal loan sources.
On the federal side, the average loan is $3,464, equal to roughly 63.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Ohio State College of Barber Styling, 39% finance part of their studies with federal loans, at an average of $6,028 per year. That amounts to 74.0% higher than the $3,464 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,056 over two years and about $24,112 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 | 39% |
| Average federal loan per year | $6,028 |
| Undergraduates with a federal loan | 153 |
| Total federal loans (one year) | $922,266 |
The middle borrower at Ohio State College of Barber Styling owes $8,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
| Students who completed (graduates) | $10,061 |
| Students who withdrew | $3,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Ohio State College of Barber Styling.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,000 |
| 75th percentile | $11,500 |
| 90th percentile (highest-debt students) | $11,500 |
How wide this percentile range is tells you how much borrowing varies across students at Ohio State College of Barber Styling.
Repayment burden translates the debt figures into what a borrower actually pays each month. Ohio State College of Barber Styling.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Ohio State College of Barber Styling follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 29.7% |
| Borrowers in the cohort | 101 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,561 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,245 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Ohio State College of Barber Styling.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.