by our College Data Analytics TeamThis page focuses on the debt students take on to attend G Skin & Beauty Institute, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at G Skin and Beauty Institute, 68% of freshmen borrow to help pay for their first year, for an average of $6,990 each, across private and federal loan sources.
On the federal side, the average loan is $6,990. This meets or exceeds the $5,500 cap on first-year federal borrowing 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 G Skin and Beauty Institute, 48% take out federal student loans, with a mean of $6,607 a year. This works out to 5.5% under the $6,990 borrowed by freshmen.
Repeating that yearly amount projects to about $13,214 over two years and about $26,428 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 | 48% |
| Average federal loan per year | $6,607 |
| Undergraduates with a federal loan | 429 |
| Total federal loans (one year) | $2,834,452 |
Graduating and withdrawing students at G Skin and Beauty Institute carry a median federal debt of $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,666 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 G Skin and Beauty Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,488 |
| 25th percentile | $3,699 |
| 75th percentile | $7,919 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at G Skin and Beauty Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at G Skin and Beauty Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 168 | $8,640 |
| Completed (graduates) | 135 | $8,849 |
| Did not complete | 33 | $6,622 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $105.22/mo.
The indicators below describe what the typical debt costs to pay back at G Skin and Beauty Institute.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for G Skin and Beauty Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.0% |
| Borrowers in the cohort | 200 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $4,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at G Skin and Beauty Institute.
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.