by our College Data Analytics TeamHere you will find what students actually borrow to attend First Class Cosmetology School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at First Class Cosmetology School, 60% of first-year students take on loan debt, with a typical loan of $5,590 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,590. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at First Class Cosmetology School, 69% use federal student loans to help pay for their education, averaging $6,702 annually. It comes to 19.9% above the $5,590 typical freshmen borrow.
Borrowing at that rate every year works out to about $13,404 over two years and about $26,808 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,702 |
| Undergraduates with a federal loan | 96 |
| Total federal loans (one year) | $643,370 |
The middle borrower at First Class Cosmetology School owes $7,847 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,847 |
| Students who completed (graduates) | $10,194 |
| Students who withdrew | $5,973 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at First Class Cosmetology School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,500 |
| 75th percentile | $20,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. First Class Cosmetology School.
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 | $8,161 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for First Class Cosmetology School.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.