by our College Data Analytics TeamHere you will find what students actually borrow to attend Estes Institute of Cosmetology Arts and Science— 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 Estes Institute of Cosmetology Arts and Science specifically, 54% of incoming students take out a loan to help cover first-year costs, for an average of $5,500 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,500, or about 100.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Estes Institute of Cosmetology Arts and Science, freshmen included, 33% finance part of their studies with federal loans, for a typical $4,729 in federal loans per year. That amounts to 14.0% under the freshman federal average of $5,500.
Repeating that yearly amount projects to about $9,458 over two years and about $18,916 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 | 33% |
| Average federal loan per year | $4,729 |
| Undergraduates with a federal loan | 28 |
| Total federal loans (one year) | $132,418 |
Graduating and withdrawing students at Estes Institute of Cosmetology Arts and Science carry a median federal debt of $7,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,000 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Estes Institute of Cosmetology Arts and Science.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,400 |
| 75th percentile | $6,900 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Estes Institute of Cosmetology Arts and Science.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Estes Institute of Cosmetology Arts and Science is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.7% |
| Borrowers in the cohort | 18 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
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.