by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Culpeper Cosmetology Training Center, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Culpeper Cosmetology Training Center, 78% of new students use loans toward freshman-year expenses, for an average of $7,123 per student, private and federal loans combined.
On the federal side, the average loan is $7,123. 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 Culpeper Cosmetology Training Center, 53% use federal student loans to help pay for their education, borrowing on average $7,123 each per year.
Carrying that yearly figure forward comes to roughly $14,246 by year two and around $28,492 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 | 53% |
| Average federal loan per year | $7,123 |
| Undergraduates with a federal loan | 21 |
| Total federal loans (one year) | $149,579 |
Graduating and withdrawing students at Culpeper Cosmetology Training Center carry a median federal debt of $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Culpeper Cosmetology Training Center.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Culpeper Cosmetology Training Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.6% |
| Borrowers in the cohort | 6 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.