by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Image Maker Beauty Institute, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Image Maker Beauty Institute, 76% of incoming undergraduates borrow in year one, at roughly $6,396 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,396. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Image Maker Beauty Institute, 64% use federal student loans to help pay for their education, averaging $7,752 in federal loans per year. This works out to 21.2% more than the $6,396 borrowed by freshmen.
At a steady annual pace, that totals around $15,504 over two years and about $31,008 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $7,752 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $449,610 |
Graduating and withdrawing students at Image Maker Beauty Institute carry a median federal debt of $9,665 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,665 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Image Maker Beauty Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,574 |
| 75th percentile | $9,833 |
The indicators below describe what the typical debt costs to pay back at Image Maker Beauty Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,430 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
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.