by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Hair Design - Jackson, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Academy of Hair Design - Jackson, 85% of incoming undergraduates borrow in year one, for an average of $7,823 each, across private and federal loan sources.
On the federal side, the average loan is $7,823. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Academy of Hair Design - Jackson, 68% finance part of their studies with federal loans, borrowing on average $7,661 a year. It comes to 2.1% below the $7,823 typical freshmen borrow.
Borrowing at that rate every year works out to about $15,322 by year two and around $30,644 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $7,661 |
| Undergraduates with a federal loan | 79 |
| Total federal loans (one year) | $605,251 |
The middle borrower at Academy of Hair Design - Jackson owes $6,500 in federal student loans.
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 - Jackson.
| 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 |
How wide this percentile range is tells you how much borrowing varies across students at Academy of Hair Design - Jackson.
The indicators below describe what the typical debt costs to pay back at Academy of Hair Design - Jackson.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Academy of Hair Design - Jackson appears 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.
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 | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $6,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $6,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Academy of Hair Design - Jackson.
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.
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.