by our College Data Analytics TeamThis page focuses on the debt students take on to attend Advanced College of Cosmetology: 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 Advanced College of Cosmetology, 60% of new students use loans toward freshman-year expenses, with a typical loan of $6,635 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $6,635. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Advanced College of Cosmetology (freshmen included), 60% take out federal student loans, for a typical $6,635 in federal loans per year.
Borrowing the same amount each year would add up to roughly $13,270 after two years and $26,540 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,635 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $159,228 |
The middle borrower at Advanced College of Cosmetology owes $9,819 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,819 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Advanced College of Cosmetology.
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 Advanced College of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 9 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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
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.