by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hair Academy School of Barbering & Beauty, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Hair Academy School of Barbering & Beauty specifically, 100% of freshmen borrow to help pay for their first year, with a typical loan of $7,511 per student, private and federal loans combined.
On the federal side, the average loan is $7,511. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Hair Academy School of Barbering & Beauty, 68% take out federal student loans, with a mean of $7,380 in federal loans per year. This works out to 1.7% less than the $7,511 borrowed by freshmen.
Borrowing at that rate every year works out to about $14,760 across two years and $29,520 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $7,380 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $236,173 |
The median student at Hair Academy School of Barbering & Beauty borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Hair Academy School of Barbering & Beauty.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.