by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Top of the Line Barber 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 Top of the Line Barber College specifically, 50% of new students use loans toward freshman-year expenses, for an average of $7,206 each — a figure that counts both private and federal student loans.
The average federal loan is $7,206. 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.
For undergraduates overall at Top of the Line Barber College, 39% rely on federal student loans toward their education, borrowing on average $14,116 a year. This is 95.9% higher than the first-year federal average of $7,206.
At a steady annual pace, that totals around $28,232 over two years and about $56,464 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 | 39% |
| Average federal loan per year | $14,116 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $479,927 |
The median student at Top of the Line Barber College borrows $8,549 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,549 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Repayment burden translates the debt figures into what a borrower actually pays each month. Top of the Line Barber College.
These pre-calculated indicators summarize the borrowing gaps between cohorts at Top of the Line Barber College.
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
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.