by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Academy of Cosmetology, 66% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,075 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,075. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Academy of Cosmetology, 33% borrow through federal student loan programs, borrowing on average $5,912 per year. It comes to 2.7% below the $6,075 typical freshmen borrow.
At a steady annual pace, that totals around $11,824 by year two and around $23,648 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $5,912 |
| Undergraduates with a federal loan | 47 |
| Total federal loans (one year) | $277,859 |
The middle borrower at Academy of Cosmetology owes $5,125 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,125 |
| Students who completed (graduates) | $5,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,832 |
| 25th percentile | $3,666 |
| 75th percentile | $7,212 |
| 90th percentile (highest-debt students) | $7,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Academy of Cosmetology.
The indicators below describe what the typical debt costs to pay back at Academy of Cosmetology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Academy of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 139 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,175 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $5,195 |
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.