by our College Data Analytics TeamThis page focuses on the debt students take on to attend Hastings Beauty School, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Hastings Beauty School, 73% of first-year students take on loan debt, at roughly $6,370 per borrower, covering both private and federal loans.
The average federally funded loan is $5,772. 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 Hastings Beauty School, 59% rely on federal student loans toward their education, borrowing on average $5,772 annually.
Carrying that yearly figure forward comes to roughly $11,544 after two years and $23,088 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $5,772 |
| Undergraduates with a federal loan | 22 |
| Total federal loans (one year) | $126,991 |
The middle borrower at Hastings Beauty School owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Hastings Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,400 |
| 75th percentile | $17,060 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hastings Beauty School.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Hastings Beauty School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.3% |
| Borrowers in the cohort | 16 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized vs. 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
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.