by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hair Professionals Career College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Hair Professionals Career College, 82% of incoming students take out a loan to help cover first-year costs, averaging $8,241 per borrower, covering both private and federal loans.
The average federally funded loan is $8,241. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Hair Professionals Career College, 48% rely on federal student loans toward their education, at an average of $7,099 annually. It comes to 13.9% lower than the $8,241 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $14,198 across two years and $28,396 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $7,099 |
| Undergraduates with a federal loan | 37 |
| Total federal loans (one year) | $262,672 |
The middle borrower at Hair Professionals Career College owes $5,597 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,597 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $3,958 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Hair Professionals Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,705 |
| 75th percentile | $9,833 |
These figures turn the debt totals into a monthly repayment picture for Hair Professionals Career College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Hair Professionals Career College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.0% |
| Borrowers in the cohort | 48 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,640 |
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?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.