by our College Data Analytics TeamHere you will find what students actually borrow to attend Academy of Hair Design - Grenada— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Academy of Hair Design - Grenada, 86% of freshmen borrow to help pay for their first year, for an average of $7,667 per student, private and federal loans combined.
On the federal side, the average loan is $7,667. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Academy of Hair Design - Grenada, 67% use federal student loans to help pay for their education, with a mean of $6,027 each per year. That is 21.4% less than the $7,667 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,054 in two years and roughly $24,108 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $6,027 |
| Undergraduates with a federal loan | 28 |
| Total federal loans (one year) | $168,752 |
The middle borrower at Academy of Hair Design - Grenada owes $6,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $6,786 |
| Students who withdrew | $3,192 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Academy of Hair Design - Grenada.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,379 |
| 75th percentile | $7,100 |
| 90th percentile (highest-debt students) | $10,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Academy of Hair Design - Grenada.
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy of Hair Design - Grenada.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Academy of Hair Design - Grenada is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 33 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $6,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Academy of Hair Design - Grenada.
Subsidized vs. 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.
Important to Remember
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.