by our College Data Analytics TeamHere you will find what students actually borrow to attend Park Place Premier Barber School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Park Place Premier Barber School specifically, 67% of first-year students take on loan debt, at roughly $8,583 per borrower, covering both private and federal loans.
The average federal loan is $8,583. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Park Place Premier Barber School, freshmen included, 74% finance part of their studies with federal loans, borrowing on average $8,343 in federal loans per year. That amounts to 2.8% below the $8,583 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $16,686 in two years and roughly $33,372 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $8,343 |
| Undergraduates with a federal loan | 31 |
| Total federal loans (one year) | $258,636 |
Graduating and withdrawing students at Park Place Premier Barber School carry a median federal debt of $15,587 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,587 |
The indicators below describe what the typical debt costs to pay back at Park Place Premier Barber School.
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.
Important to Remember
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.