by our College Data Analytics TeamThis page focuses on the debt students take on to attend Washington Barber College Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Washington Barber College Inc, 100% of first-year students take on loan debt, for an average of $4,387 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,387, or about 79.8% of the $5,500 cap on first-year federal borrowing for the 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 Washington Barber College Inc, 100% finance part of their studies with federal loans, averaging $5,158 a year. It comes to 17.6% higher than the $4,387 borrowed by freshmen.
Repeating that yearly amount projects to about $10,316 across two years and $20,632 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $5,158 |
| Undergraduates with a federal loan | 79 |
| Total federal loans (one year) | $407,463 |
Graduating and withdrawing students at Washington Barber College Inc carry a median federal debt of $13,022 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,022 |
| Students who completed (graduates) | $14,000 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Washington Barber College Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $4,750 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Washington Barber College Inc.
These figures turn the debt totals into a monthly repayment picture for Washington Barber College Inc.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Washington Barber College Inc appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 2 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
These pre-calculated indicators summarize the borrowing gaps between cohorts at Washington Barber College Inc.
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.
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.