by our College Data Analytics TeamHere you will find what students actually borrow to attend Charles of Italy Beauty College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Charles of Italy Beauty College, 65% of first-year students take on loan debt, for an average of $5,035 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,035, which is 91.5% 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.
Among all degree-seeking undergrads at Charles of Italy Beauty College, 65% finance part of their studies with federal loans, for a typical $5,120 in federal loans per year. This is 1.7% larger than the freshman federal average of $5,035.
Repeating that yearly amount projects to about $10,240 by year two and around $20,480 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 | 65% |
| Average federal loan per year | $5,120 |
| Undergraduates with a federal loan | 94 |
| Total federal loans (one year) | $481,300 |
The median student at Charles of Italy Beauty College borrows $7,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,000 |
| Students who completed (graduates) | $7,388 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Charles of Italy Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
The indicators below describe what the typical debt costs to pay back at Charles of Italy Beauty College.
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 Charles of Italy Beauty College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.8% |
| Borrowers in the cohort | 76 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,600 |
| Independent students | $7,358 |
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.
Did You Know?
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.