by our College Data Analytics TeamHere you will find what students actually borrow to attend Empire Beauty School-Maine— 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.
For incoming students at Empire Beauty School-Maine, 58% of first-year students take on loan debt, averaging $6,801 per student, private and federal loans combined.
The average federally funded loan is $6,801. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Empire Beauty School-Maine, 57% borrow through federal student loan programs, averaging $7,300 per year. That is 7.3% higher than the first-year federal average of $6,801.
At a steady annual pace, that totals around $14,600 over two years and about $29,200 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $7,300 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $620,492 |
Graduating and withdrawing students at Empire Beauty School-Maine carry a median federal debt of $7,667 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Empire Beauty School-Maine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,120 |
| 90th percentile (highest-debt students) | $15,720 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Maine.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Maine.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 309 | $6,761 |
| Completed (graduates) | 153 | $8,210 |
| Did not complete | 156 | $4,875 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $97.63/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Empire Beauty School-Maine.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 297 | — |
| No Stafford loan | 12 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 287 | $6,932 |
| No Stafford loan this year | 22 | $2,053 |
The indicators below describe what the typical debt costs to pay back at Empire Beauty School-Maine.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Empire Beauty School-Maine appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 337 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $7,212 |
| Middle income | $7,667 |
| High income | $9,617 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $9,173 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,646 |
| Independent students | $8,437 |
Federal data publishes the following gap measures for Empire Beauty School-Maine.
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.
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.