by our College Data Analytics TeamThis page focuses on the debt students take on to attend Champion Beauty College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Champion Beauty College specifically, 76% of new students use loans toward freshman-year expenses, with a typical loan of $1,760 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $1,760, which is 32.0% of the $5,500 first-year borrowing cap for the typical first-year 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.
For undergraduates overall at Champion Beauty College, 52% rely on federal student loans toward their education, borrowing on average $1,419 in federal loans per year. That amounts to 19.4% less than the freshman federal average of $1,760.
At a steady annual pace, that totals around $2,838 in two years and roughly $5,676 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 | 52% |
| Average federal loan per year | $1,419 |
| Undergraduates with a federal loan | 31 |
| Total federal loans (one year) | $44,000 |
Graduating and withdrawing students at Champion Beauty College carry a median federal debt of $4,750 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $7,136 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Champion Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,644 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Champion 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 Champion Beauty College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.2% |
| Borrowers in the cohort | 15 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.