by our College Data Analytics TeamBelow is federal data on the loans students use to pay for International Institute of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at International Institute of Cosmetology, 89% of new students use loans toward freshman-year expenses, averaging $8,384 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $8,024. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at International Institute of Cosmetology, 44% finance part of their studies with federal loans, averaging $7,031 a year. This works out to 12.4% smaller than the $8,024 freshmen take on.
At a steady annual pace, that totals around $14,062 across two years and $28,124 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $7,031 |
| Undergraduates with a federal loan | 115 |
| Total federal loans (one year) | $808,548 |
Graduating and withdrawing students at International Institute of Cosmetology carry a median federal debt of $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $3,210 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at International Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,125 |
| 25th percentile | $7,917 |
| 75th percentile | $13,095 |
| 90th percentile (highest-debt students) | $16,133 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at International Institute of Cosmetology.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at International Institute of Cosmetology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 34 | $7,630 |
These figures turn the debt totals into a monthly repayment picture for International Institute of Cosmetology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for International Institute of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 18 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| 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 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $11,413 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at International Institute of Cosmetology.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.