by our College Data Analytics TeamHere you will find what students actually borrow to attend BK Cosmo College of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at BK Cosmo College of Cosmetology, 66% of new students use loans toward freshman-year expenses, for an average of $6,508 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,508. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. 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 BK Cosmo College of Cosmetology, 58% finance part of their studies with federal loans, at an average of $5,870 in federal loans per year. It comes to 9.8% less than the $6,508 borrowed by freshmen.
At a steady annual pace, that totals around $11,740 after two years and $23,480 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $5,870 |
| Undergraduates with a federal loan | 42 |
| Total federal loans (one year) | $246,556 |
The middle borrower at BK Cosmo College of Cosmetology owes $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. BK Cosmo College of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for BK Cosmo College of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.
Important to Remember
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.