by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Charleston Cosmetology Institute— 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 Charleston Cosmetology Institute, 84% of new students use loans toward freshman-year expenses, with a typical loan of $2,382 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $2,382, amounting to 43.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Charleston Cosmetology Institute, 47% finance part of their studies with federal loans, borrowing on average $5,567 per year. This is 133.7% larger than the $2,382 freshmen take on.
Borrowing the same amount each year would add up to roughly $11,134 in two years and roughly $22,268 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 | $5,567 |
| Undergraduates with a federal loan | 54 |
| Total federal loans (one year) | $300,627 |
Graduating and withdrawing students at Charleston Cosmetology Institute carry a median federal debt of $4,307 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,307 |
| Students who completed (graduates) | $5,655 |
| Students who withdrew | $2,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Charleston Cosmetology Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,274 |
| 25th percentile | $2,363 |
| 75th percentile | $7,736 |
| 90th percentile (highest-debt students) | $10,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Charleston Cosmetology Institute.
These figures turn the debt totals into a monthly repayment picture for Charleston Cosmetology Institute.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Charleston Cosmetology Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.8% |
| Borrowers in the cohort | 101 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,306 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,306 |
| Continuing-generation students | $4,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $5,655 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Charleston Cosmetology Institute.
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
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.