by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-Wyoming Valley— 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.
Looking at the entering class at Empire Beauty School-Wyoming Valley, 51% of first-year students take on loan debt, for an average of $7,301 per borrower, covering both private and federal loans.
The average federally funded loan is $7,301. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Empire Beauty School-Wyoming Valley, 55% take out federal student loans, averaging $7,641 each per year. That amounts to 4.7% greater than the $7,301 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,282 after two years and $30,564 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 | 55% |
| Average federal loan per year | $7,641 |
| Undergraduates with a federal loan | 126 |
| Total federal loans (one year) | $962,719 |
The median student at Empire Beauty School-Wyoming Valley borrows $7,851 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,851 |
| Students who completed (graduates) | $10,667 |
| 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-Wyoming Valley.
| 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-Wyoming Valley.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Wyoming Valley.
| 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.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Empire Beauty School-Wyoming Valley.
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 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Wyoming Valley.
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-Wyoming Valley follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.9% |
| Borrowers in the cohort | 316 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
| Middle income | $7,972 |
| High income | $7,917 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,917 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Empire Beauty School-Wyoming Valley.
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?
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.