by our College Data Analytics TeamThis page focuses on the debt students take on to attend The Avenue Academy, A Cosmetology Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at The Avenue Academy, 52% of new students use loans toward freshman-year expenses, for an average of $6,996 per student, private and federal loans combined.
The average federally funded loan is $6,996. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at The Avenue Academy, freshmen included, 54% rely on federal student loans toward their education, borrowing on average $7,839 per year. It comes to 12.0% larger than the first-year federal average of $6,996.
At a steady annual pace, that totals around $15,678 over two years and about $31,356 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $7,839 |
| Undergraduates with a federal loan | 93 |
| Total federal loans (one year) | $729,037 |
The median student at The Avenue Academy borrows $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
The indicators below describe what the typical debt costs to pay back at The Avenue Academy.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,823 |
| Independent students | $6,333 |
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.