by our College Data Analytics TeamHere you will find what students actually borrow to attend Carolina College of Hair Design: 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.
At Carolina College of Hair Design, 43% of new students use loans toward freshman-year expenses, with a typical loan of $4,192 per student, private and federal loans combined.
The typical federal loan comes to $4,192, which is 76.2% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Carolina College of Hair Design, freshmen included, 43% rely on federal student loans toward their education, averaging $4,192 in federal loans per year.
Carrying that yearly figure forward comes to roughly $8,384 in two years and roughly $16,768 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $4,192 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $121,570 |
Graduating and withdrawing students at Carolina College of Hair Design carry a median federal debt of $4,712 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,712 |
| Students who completed (graduates) | $4,889 |
The indicators below describe what the typical debt costs to pay back at Carolina College of Hair Design.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,032 |
| Independent students | $3,500 |
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.
Worth Knowing
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.