by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Cosmetology, Barbering, and Esthetics— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Academy of Cosmetology, Barbering, and Esthetics, 20% of new students use loans toward freshman-year expenses, borrowing on average $3,800 each, across private and federal loan sources.
The average federal loan is $3,800, equal to roughly 69.1% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 Academy of Cosmetology, Barbering, and Esthetics, freshmen included, 10% use federal student loans to help pay for their education, for a typical $4,100 annually. It comes to 7.9% above the $3,800 freshmen take on.
Repeating that yearly amount projects to about $8,200 in two years and roughly $16,400 after four. 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 | $4,100 |
| Undergraduates with a federal loan | 4 |
| Total federal loans (one year) | $16,400 |
The middle borrower at Academy of Cosmetology, Barbering, and Esthetics owes $4,400 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,400 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy of Cosmetology, Barbering, and Esthetics.
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 Academy of Cosmetology, Barbering, and Esthetics appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 3 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The Difference Between 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
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.