by our College Data Analytics TeamHere you will find what students actually borrow to attend Empire Beauty School-Hooksett: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Empire Beauty School-Hooksett, 78% of freshmen borrow to help pay for their first year, borrowing on average $7,203 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $7,203. 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.
Looking at all undergraduates at Empire Beauty School-Hooksett, freshmen included, 46% finance part of their studies with federal loans, for a typical $6,549 in federal loans per year. That is 9.1% below the $7,203 typical freshmen borrow.
Repeating that yearly amount projects to about $13,098 in two years and roughly $26,196 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 46% |
| Average federal loan per year | $6,549 |
| Undergraduates with a federal loan | 222 |
| Total federal loans (one year) | $1,453,898 |
The middle borrower at Empire Beauty School-Hooksett owes $7,461 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,461 |
| Students who completed (graduates) | $7,942 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Empire Beauty School-Hooksett.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,277 |
| 75th percentile | $11,081 |
| 90th percentile (highest-debt students) | $15,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Hooksett.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Empire Beauty School-Hooksett.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 73 | $8,243 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Empire Beauty School-Hooksett.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Empire Beauty School-Hooksett is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.1% |
| Borrowers in the cohort | 172 |
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 | $7,917 |
| High income | $7,942 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,666 |
| Continuing-generation students | $6,700 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,917 |
| Independent students | $6,917 |
Federal data publishes the following gap measures for Empire Beauty School-Hooksett.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.