by our College Data Analytics TeamHere you will find what students actually borrow to attend Empire Beauty School-Hanover— 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.
Looking at the entering class at Empire Beauty School-Hanover, 54% of incoming undergraduates borrow in year one, averaging $6,866 per student, private and federal loans combined.
The average federal loan is $6,866. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Empire Beauty School-Hanover (freshmen included), 58% borrow through federal student loan programs, borrowing on average $6,930 annually. This is 0.9% more than the $6,866 borrowed by freshmen.
Repeating that yearly amount projects to about $13,860 in two years and roughly $27,720 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,930 |
| Undergraduates with a federal loan | 50 |
| Total federal loans (one year) | $346,510 |
The middle borrower at Empire Beauty School-Hanover owes $7,050 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,050 |
| Students who completed (graduates) | $13,583 |
| 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 Empire Beauty School-Hanover.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,803 |
| 90th percentile (highest-debt students) | $15,322 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Hanover.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Empire Beauty School-Hanover.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 370 | $6,689 |
| Completed (graduates) | 196 | $8,974 |
| Did not complete | 174 | $4,813 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $106.71/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Hanover.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 356 | — |
| No Stafford loan | 14 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 330 | $6,860 |
| No Stafford loan this year | 40 | $4,379 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Empire Beauty School-Hanover.
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 Empire Beauty School-Hanover is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.5% |
| Borrowers in the cohort | 200 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $8,028 |
| High income | $8,028 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,010 |
| Continuing-generation students | $7,740 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,023 |
| Independent students | $6,393 |
Federal data publishes the following gap measures for Empire Beauty School-Hanover.
The Difference Between 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.