by our College Data Analytics TeamHere you will find what students actually borrow to attend Delaware Learning Institute of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Delaware Learning Institute of Cosmetology, 62% of freshmen borrow to help pay for their first year, at roughly $5,863 each, across private and federal loan sources.
On the federal side, the average loan is $5,863. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Delaware Learning Institute of Cosmetology, freshmen included, 54% take out federal student loans, averaging $5,508 each per year. That amounts to 6.1% less than the $5,863 freshmen take on.
Carrying that yearly figure forward comes to roughly $11,016 after two years and $22,032 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $5,508 |
| Undergraduates with a federal loan | 83 |
| Total federal loans (one year) | $457,145 |
Graduating and withdrawing students at Delaware Learning Institute of Cosmetology carry a median federal debt of $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Delaware Learning Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,263 |
| 25th percentile | $5,500 |
| 75th percentile | $12,450 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Delaware Learning Institute of Cosmetology.
Repayment burden translates the debt figures into what a borrower actually pays each month. Delaware Learning Institute of Cosmetology.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Delaware Learning Institute of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.3% |
| Borrowers in the cohort | 77 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $9,631 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Delaware Learning Institute of Cosmetology.
The Difference Between Subsidized and 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.
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.