by our College Data Analytics TeamHere you will find what students actually borrow to attend Austin’s Beauty College Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Austin’s Beauty College Inc, 71% of first-year students take on loan debt, with a typical loan of $7,772 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,772. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Austin’s Beauty College Inc, 49% finance part of their studies with federal loans, at an average of $7,217 a year. That amounts to 7.1% under the $7,772 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $14,434 after two years and $28,868 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $7,217 |
| Undergraduates with a federal loan | 66 |
| Total federal loans (one year) | $476,315 |
The middle borrower at Austin’s Beauty College Inc owes $7,917 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,644 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The indicators below describe what the typical debt costs to pay back at Austin’s Beauty College Inc.
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 | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,917 |
Federal data publishes the following gap measures for Austin’s Beauty College Inc.
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.
Did You Know?
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.