by our College Data Analytics TeamBelow is federal data on the loans students use to pay for John Amico School of Hair Design, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At John Amico School of Hair Design, 82% of new students use loans toward freshman-year expenses, for an average of $7,691 each, across private and federal loan sources.
The average federally funded loan is $7,691. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at John Amico School of Hair Design, 59% rely on federal student loans toward their education, borrowing on average $7,605 annually. That amounts to 1.1% less than the freshman federal average of $7,691.
Carrying that yearly figure forward comes to roughly $15,210 in two years and roughly $30,420 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 | 59% |
| Average federal loan per year | $7,605 |
| Undergraduates with a federal loan | 142 |
| Total federal loans (one year) | $1,079,927 |
Graduating and withdrawing students at John Amico School of Hair Design carry a median federal debt of $7,917 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,522 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for John Amico School of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,599 |
| 25th percentile | $5,500 |
| 75th percentile | $12,754 |
| 90th percentile (highest-debt students) | $16,428 |
How wide this percentile range is tells you how much borrowing varies across students at John Amico School of Hair Design.
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 John Amico School of Hair Design.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 53 | $5,860 |
Repayment burden translates the debt figures into what a borrower actually pays each month. John Amico School of Hair Design.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
Federal data publishes the following gap measures for John Amico School of Hair Design.
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
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.