by our College Data Analytics TeamThis page focuses on the debt students take on to attend Black Hills Beauty College: 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 Black Hills Beauty College, 57% of incoming undergraduates borrow in year one, averaging $5,546 per student, private and federal loans combined.
On the federal side, the average loan is $5,546. 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 Black Hills Beauty College (freshmen included), 47% take out federal student loans, averaging $5,219 in federal loans per year. This is 5.9% below the freshman federal average of $5,546.
At a steady annual pace, that totals around $10,438 by year two and around $20,876 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 | 47% |
| Average federal loan per year | $5,219 |
| Undergraduates with a federal loan | 48 |
| Total federal loans (one year) | $250,505 |
The median student at Black Hills Beauty College borrows $7,315 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,315 |
| Students who completed (graduates) | $8,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Black Hills Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,085 |
| 25th percentile | $5,500 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $13,435 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Black Hills Beauty College.
Repayment burden translates the debt figures into what a borrower actually pays each month. Black Hills Beauty College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Black Hills Beauty College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.8% |
| Borrowers in the cohort | 91 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,913 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,198 |
Subsidized vs. 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
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.