by our College Data Analytics TeamThis page focuses on the debt students take on to attend Cheeks Beauty Academy-Cheyenne, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Cheeks Beauty Academy, 70% of freshmen borrow to help pay for their first year, averaging $6,301 each, across private and federal loan sources.
On the federal side, the average loan is $6,301. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Looking at all undergraduates at Cheeks Beauty Academy, freshmen included, 58% borrow through federal student loan programs, borrowing on average $6,725 a year. This is 6.7% above the first-year federal average of $6,301.
Borrowing the same amount each year would add up to roughly $13,450 after two years and $26,900 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,725 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $221,925 |
The middle borrower at Cheeks Beauty Academy owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,000 |
| Students who withdrew | $3,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Cheeks Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,762 |
| 25th percentile | $3,062 |
| 75th percentile | $8,873 |
| 90th percentile (highest-debt students) | $11,767 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Cheeks Beauty Academy.
Repayment burden translates the debt figures into what a borrower actually pays each month. Cheeks Beauty Academy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Cheeks Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.3% |
| Borrowers in the cohort | 145 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,375 |
| Middle income | $6,333 |
| High income | $7,367 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Cheeks Beauty Academy.
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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.