by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ponca City Beauty College: 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 Ponca City Beauty College specifically, 35% of incoming undergraduates borrow in year one, with a typical loan of $5,083 each, across private and federal loan sources.
The typical federal loan comes to $5,083, equal to roughly 92.4% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Ponca City Beauty College, 10% use federal student loans to help pay for their education, borrowing on average $5,083 each per year.
At a steady annual pace, that totals around $10,166 by year two and around $20,332 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 10% |
| Average federal loan per year | $5,083 |
| Undergraduates with a federal loan | 6 |
| Total federal loans (one year) | $30,500 |
Graduating and withdrawing students at Ponca City Beauty College carry a median federal debt of $3,311 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,311 |
These figures turn the debt totals into a monthly repayment picture for Ponca City Beauty College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Ponca City Beauty College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 12 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between 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.
Worth Knowing
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.