by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Euphoria Institute of Beauty Arts & Sciences-Summerlin— 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.
Looking at the entering class at Euphoria Institute of Beauty Arts & Sciences-Summerlin, 83% of incoming students take out a loan to help cover first-year costs, borrowing on average $5,193 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,193, representing 94.4% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Euphoria Institute of Beauty Arts & Sciences-Summerlin, 75% take out federal student loans, at an average of $4,597 per year. It comes to 11.5% less than the $5,193 freshmen take on.
Carrying that yearly figure forward comes to roughly $9,194 in two years and roughly $18,388 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 | 75% |
| Average federal loan per year | $4,597 |
| Undergraduates with a federal loan | 732 |
| Total federal loans (one year) | $3,365,303 |
The middle borrower at Euphoria Institute of Beauty Arts & Sciences-Summerlin owes $9,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,000 |
| Students who completed (graduates) | $10,521 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Euphoria Institute of Beauty Arts & Sciences-Summerlin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,907 |
| 25th percentile | $6,178 |
| 75th percentile | $11,811 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Euphoria Institute of Beauty Arts & Sciences-Summerlin.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Euphoria Institute of Beauty Arts & Sciences-Summerlin.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1039 | $6,856 |
| Completed (graduates) | 698 | $7,624 |
| Did not complete | 341 | $5,380 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $90.66/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 Euphoria Institute of Beauty Arts & Sciences-Summerlin.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1008 | $6,994 |
| No Stafford loan | 31 | $2,763 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 964 | $6,918 |
| No Stafford loan this year | 75 | $5,968 |
These figures turn the debt totals into a monthly repayment picture for Euphoria Institute of Beauty Arts & Sciences-Summerlin.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Euphoria Institute of Beauty Arts & Sciences-Summerlin is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 4290 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $9,130 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,583 |
| Independent students | $10,117 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Euphoria Institute of Beauty Arts & Sciences-Summerlin.
The Difference Between 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.
Worth Knowing
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.