by our College Data Analytics TeamThis page focuses on the debt students take on to attend Hays Academy of Hair Design: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Hays Academy of Hair Design - Salina Campus, 49% of freshmen borrow to help pay for their first year, averaging $8,953 each, across private and federal loan sources.
On the federal side, the average loan is $8,953. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. 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 Hays Academy of Hair Design - Salina Campus, 45% take out federal student loans, averaging $8,801 per year. This works out to 1.7% under the $8,953 borrowed by freshmen.
Borrowing at that rate every year works out to about $17,602 by year two and around $35,204 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $8,801 |
| Undergraduates with a federal loan | 39 |
| Total federal loans (one year) | $343,257 |
The median student at Hays Academy of Hair Design - Salina Campus borrows $9,833 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,125 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Hays Academy of Hair Design - Salina Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,604 |
| 25th percentile | $5,563 |
| 75th percentile | $11,729 |
| 90th percentile (highest-debt students) | $13,783 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Hays Academy of Hair Design - Salina Campus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Hays Academy of Hair Design - Salina Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 26 | $6,450 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hays Academy of Hair Design - Salina Campus.
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 Hays Academy of Hair Design - Salina Campus appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 54 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Hays Academy of Hair Design - Salina Campus.
The Difference Between 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.