by our College Data Analytics TeamThis page focuses on the debt students take on to attend Cosmetology School of Arts and Science LLC: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At CSAS specifically, 72% of incoming students take out a loan to help cover first-year costs, averaging $7,551 each — a figure that counts both private and federal student loans.
The average federal loan is $7,551. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at CSAS, 66% use federal student loans to help pay for their education, with a mean of $7,270 a year. That is 3.7% under the freshman federal average of $7,551.
Carrying that yearly figure forward comes to roughly $14,540 in two years and roughly $29,080 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $7,270 |
| Undergraduates with a federal loan | 48 |
| Total federal loans (one year) | $348,977 |
The middle borrower at CSAS owes $6,790 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,790 |
| Students who completed (graduates) | $10,556 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at CSAS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. CSAS.
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 CSAS follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 35.2% |
| Borrowers in the cohort | 34 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
Important to Remember
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.