by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Headmasters School of Hair Design— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Headmasters School of Hair Design, 67% of incoming students take out a loan to help cover first-year costs, at roughly $4,550 per student, private and federal loans combined.
On the federal side, the average loan is $4,550, representing 82.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Headmasters School of Hair Design, freshmen included, 67% borrow through federal student loan programs, borrowing on average $5,418 a year. This works out to 19.1% above the $4,550 typical freshmen borrow.
Repeating that yearly amount projects to about $10,836 over two years and about $21,672 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $5,418 |
| Undergraduates with a federal loan | 49 |
| Total federal loans (one year) | $265,463 |
The middle borrower at Headmasters School of Hair Design owes $10,556 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,556 |
| Students who completed (graduates) | $10,556 |
The indicators below describe what the typical debt costs to pay back at Headmasters School of Hair Design.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Headmasters School of Hair Design follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.7% |
| Borrowers in the cohort | 34 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,556 |
| Independent students | $14,167 |
Subsidized vs. 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.