by our College Data Analytics TeamThis page focuses on the debt students take on to attend Ideal Beauty Academy: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Ideal Beauty Academy, 75% of incoming undergraduates borrow in year one, averaging $10,630 per borrower, covering both private and federal loans.
On the federal side, the average loan is $10,630. That is at or past the $5,500 federal first-year limit 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.
Across the full undergraduate body at Ideal Beauty Academy (freshmen included), 41% finance part of their studies with federal loans, with a mean of $9,589 annually. That amounts to 9.8% lower than the $10,630 borrowed by freshmen.
Repeating that yearly amount projects to about $19,178 by year two and around $38,356 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 41% |
| Average federal loan per year | $9,589 |
| Undergraduates with a federal loan | 7 |
| Total federal loans (one year) | $67,120 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Ideal Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $10,667 |
The indicators below describe what the typical debt costs to pay back at Ideal Beauty Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Ideal Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 51 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The Difference Between 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.
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.