by our College Data Analytics TeamThis page focuses on the debt students take on to attend Crave Beauty Academy— 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.
For incoming students at Crave Beauty Academy, 30% of first-year students take on loan debt, averaging $1,495 per student, private and federal loans combined.
The average federally funded loan is $1,495, representing 27.2% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Crave Beauty Academy, 48% take out federal student loans, borrowing on average $4,999 in federal loans per year. That amounts to 234.4% larger than the $1,495 typical freshmen borrow.
At a steady annual pace, that totals around $9,998 after two years and $19,996 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $4,999 |
| Undergraduates with a federal loan | 221 |
| Total federal loans (one year) | $1,104,717 |
Graduating and withdrawing students at Crave Beauty Academy carry a median federal debt of $7,917 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Crave Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,001 |
| 25th percentile | $5,500 |
| 75th percentile | $10,667 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Crave Beauty Academy.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Crave Beauty Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 44 | $7,043 |
These figures turn the debt totals into a monthly repayment picture for Crave Beauty Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Crave Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.6% |
| Borrowers in the cohort | 194 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
Federal data publishes the following gap measures for Crave Beauty Academy.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.