by our College Data Analytics TeamHere you will find what students actually borrow to attend Hair Academy II— 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.
For incoming students at Hair Academy II, 89% of incoming undergraduates borrow in year one, borrowing on average $2,812 per student, private and federal loans combined.
On the federal side, the average loan is $2,812, representing 51.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Hair Academy II, 41% finance part of their studies with federal loans, for a typical $2,288 a year. It comes to 18.6% lower than the first-year federal average of $2,812.
Carrying that yearly figure forward comes to roughly $4,576 over two years and about $9,152 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 | 41% |
| Average federal loan per year | $2,288 |
| Undergraduates with a federal loan | 178 |
| Total federal loans (one year) | $407,258 |
Graduating and withdrawing students at Hair Academy II carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Hair Academy II.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,562 |
| 25th percentile | $3,234 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,536 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Hair Academy II.
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 Hair Academy II.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 37 | $11,146 |
The indicators below describe what the typical debt costs to pay back at Hair Academy II.
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 Hair Academy II appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 25.8% |
| Borrowers in the cohort | 20 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,277 |
| Middle income | $6,312 |
| High income | $4,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,352 |
| Continuing-generation students | $6,297 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,750 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Hair Academy II.
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.
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.