by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Richmond, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Empire Beauty School-Richmond specifically, 63% of first-year students take on loan debt, borrowing on average $7,399 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,399. 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.
Looking at all undergraduates at Empire Beauty School-Richmond, freshmen included, 60% take out federal student loans, for a typical $7,700 per year. This is 4.1% higher than the $7,399 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $15,400 after two years and $30,800 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $7,700 |
| Undergraduates with a federal loan | 74 |
| Total federal loans (one year) | $569,767 |
The median student at Empire Beauty School-Richmond borrows $7,851 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,851 |
| 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-Richmond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,322 |
| 90th percentile (highest-debt students) | $14,604 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Richmond.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Richmond.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 465 | $6,605 |
| Completed (graduates) | 270 | $7,460 |
| Did not complete | 195 | $4,968 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $88.71/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Richmond.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 443 | $6,694 |
| No Stafford loan this year | 22 | $4,672 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Empire Beauty School-Richmond.
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-Richmond appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.9% |
| Borrowers in the cohort | 316 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
| Middle income | $7,972 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $7,917 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-Richmond.
Subsidized vs. 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?
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.