by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Beau Monde Academy of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Beau Monde Academy of Cosmetology, 60% of incoming undergraduates borrow in year one, at roughly $8,516 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $8,516. That is at or past the $5,500 federal first-year limit for 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.
Across the full undergraduate body at Beau Monde Academy of Cosmetology (freshmen included), 18% finance part of their studies with federal loans, for a typical $11,632 annually. This is 36.6% higher than the freshman federal average of $8,516.
At a steady annual pace, that totals around $23,264 by year two and around $46,528 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 18% |
| Average federal loan per year | $11,632 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $372,227 |
Graduating and withdrawing students at Beau Monde Academy of Cosmetology carry a median federal debt of $8,769 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,769 |
| Students who completed (graduates) | $8,769 |
| Students who withdrew | $8,587 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Beau Monde Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $14,750 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Beau Monde Academy of Cosmetology.
Repayment burden translates the debt figures into what a borrower actually pays each month. Beau Monde Academy of Cosmetology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Beau Monde Academy of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.2% |
| Borrowers in the cohort | 134 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,769 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,769 |
The Difference Between 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.
Worth Knowing
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.