by our College Data Analytics TeamBelow is federal data on the loans students use to pay for College of Hair Design-Downtown— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At College of Hair Design-Downtown specifically, 22% of new students use loans toward freshman-year expenses, averaging $6,996 each, across private and federal loan sources.
Federal loans alone average $6,996. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at College of Hair Design-Downtown, 49% finance part of their studies with federal loans, with a mean of $7,746 annually. This is 10.7% above the $6,996 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,492 in two years and roughly $30,984 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $7,746 |
| Undergraduates with a federal loan | 51 |
| Total federal loans (one year) | $395,065 |
The median student at College of Hair Design-Downtown borrows $8,031 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,031 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $3,959 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at College of Hair Design-Downtown.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,933 |
| 25th percentile | $6,360 |
| 75th percentile | $20,994 |
| 90th percentile (highest-debt students) | $24,166 |
How wide this percentile range is tells you how much borrowing varies across students at College of Hair Design-Downtown.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at College of Hair Design-Downtown.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $10,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. College of Hair Design-Downtown.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for College of Hair Design-Downtown follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.5% |
| Borrowers in the cohort | 189 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,000 |
| Middle income | $10,580 |
| High income | $7,952 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $9,012 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $14,743 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at College of Hair Design-Downtown.
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.
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.