by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-E Memphis, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Empire Beauty School-E Memphis, 54% of new students use loans toward freshman-year expenses, averaging $7,455 per student, private and federal loans combined.
The typical federal loan comes to $7,455. This meets or exceeds the $5,500 cap on first-year federal borrowing for 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.
Looking at all undergraduates at Empire Beauty School-E Memphis, freshmen included, 52% borrow through federal student loan programs, with a mean of $7,573 each per year. It comes to 1.6% higher than the first-year federal average of $7,455.
Carrying that yearly figure forward comes to roughly $15,146 over two years and about $30,292 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 52% |
| Average federal loan per year | $7,573 |
| Undergraduates with a federal loan | 180 |
| Total federal loans (one year) | $1,363,164 |
The middle borrower at Empire Beauty School-E Memphis owes $6,633 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,633 |
| Students who completed (graduates) | $10,667 |
| 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.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Empire Beauty School-E Memphis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,094 |
| 90th percentile (highest-debt students) | $13,583 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Empire Beauty School-E Memphis.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-E Memphis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 368 | $5,146 |
| Completed (graduates) | 212 | $7,668 |
| Did not complete | 156 | $4,027 |
On a standard 10-year plan, the median completing borrower would pay about $91.18/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-E Memphis.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 357 | — |
| No Stafford loan | 11 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 345 | $5,426 |
| No Stafford loan this year | 23 | $3,044 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-E Memphis.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Empire Beauty School-E Memphis appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.9% |
| Borrowers in the cohort | 504 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $7,667 |
| High income | $8,028 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,478 |
| Continuing-generation students | $8,028 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,238 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-E Memphis.
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.
Did You Know?
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.