by our College Data Analytics TeamThis page focuses on the debt students take on to attend Old Town Barber College - Wichita, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Old Town Barber College - Wichita, 76% of freshmen borrow to help pay for their first year, at roughly $6,044 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $6,044. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. 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 Old Town Barber College - Wichita, 76% finance part of their studies with federal loans, averaging $5,783 per year. This is 4.3% smaller than the $6,044 freshmen take on.
At a steady annual pace, that totals around $11,566 across two years and $23,132 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $5,783 |
| Undergraduates with a federal loan | 111 |
| Total federal loans (one year) | $641,949 |
The median student at Old Town Barber College - Wichita borrows $9,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,667 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Old Town Barber College - Wichita.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,125 |
| 75th percentile | $15,500 |
The indicators below describe what the typical debt costs to pay back at Old Town Barber College - Wichita.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Old Town Barber College - Wichita is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.3% |
| Borrowers in the cohort | 52 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,664 |
| Independent students | $12,953 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Old Town Barber College - Wichita.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.