by our College Data Analytics TeamBelow is federal data on the loans students use to pay for College of Hair Design-East Campus— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At College of Hair Design-East Campus specifically, 50% of incoming students take out a loan to help cover first-year costs, with a typical loan of $5,898 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $5,898. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at College of Hair Design-East Campus, 55% finance part of their studies with federal loans, at an average of $6,230 annually. This is 5.6% larger than the first-year federal average of $5,898.
Borrowing at that rate every year works out to about $12,460 after two years and $24,920 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $6,230 |
| Undergraduates with a federal loan | 113 |
| Total federal loans (one year) | $703,945 |
Graduating and withdrawing students at College of Hair Design-East Campus carry a median federal debt of $8,031 in federal student loans.
| 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.
Half of all borrowers fall between the 25th and 75th percentiles shown below for College of Hair Design-East Campus.
| 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-East Campus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for College of Hair Design-East Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $10,250 |
The indicators below describe what the typical debt costs to pay back at College of Hair Design-East Campus.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for College of Hair Design-East Campus appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.5% |
| Borrowers in the cohort | 189 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
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-East Campus.
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
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.