by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Peekskill— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Empire Beauty School-Peekskill, 62% of freshmen borrow to help pay for their first year, with a typical loan of $8,167 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,167. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Empire Beauty School-Peekskill, 54% borrow through federal student loan programs, for a typical $7,508 per year. This works out to 8.1% lower than the $8,167 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $15,016 in two years and roughly $30,032 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $7,508 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $337,875 |
The middle borrower at Empire Beauty School-Peekskill owes $6,222 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,222 |
| Students who completed (graduates) | $6,554 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Empire Beauty School-Peekskill.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,529 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Peekskill.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 21 | $8,785 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Peekskill.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Empire Beauty School-Peekskill is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.1% |
| Borrowers in the cohort | 41 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $8,338 |
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
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.