by our College Data Analytics TeamHere you will find what students actually borrow to attend Premier Barber Institute: 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 Premier Barber Institute, 96% of new students use loans toward freshman-year expenses, averaging $9,670 each, across private and federal loan sources.
The average federal loan is $9,670. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Premier Barber Institute (freshmen included), 78% finance part of their studies with federal loans, at an average of $7,739 a year. This works out to 20.0% below the freshman federal average of $9,670.
Borrowing the same amount each year would add up to roughly $15,478 by year two and around $30,956 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 78% |
| Average federal loan per year | $7,739 |
| Undergraduates with a federal loan | 93 |
| Total federal loans (one year) | $719,706 |
Graduating and withdrawing students at Premier Barber Institute carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,583 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The indicators below describe what the typical debt costs to pay back at Premier Barber Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,028 |
| Independent students | $13,583 |
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
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.