by our College Data Analytics TeamHere you will find what students actually borrow to attend Alexander Paul Institute of Hair Design— 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.
At Alexander Paul Institute specifically, 71% of first-year students take on loan debt, for an average of $8,618 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $8,618. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Alexander Paul Institute, freshmen included, 57% use federal student loans to help pay for their education, averaging $7,464 annually. That is 13.4% less than the $8,618 typical freshmen borrow.
At a steady annual pace, that totals around $14,928 in two years and roughly $29,856 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $7,464 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $306,024 |
Graduating and withdrawing students at Alexander Paul Institute carry a median federal debt of $8,750 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
| Students who completed (graduates) | $8,750 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Alexander Paul Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,176 |
| 75th percentile | $8,750 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Alexander Paul Institute.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Alexander Paul Institute.
The Difference Between Subsidized and 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
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.