by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Josef’s School of Hair, Skin & Body, Grand Forks— 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 Josef’s School of Hair, Skin & Body, 93% of incoming undergraduates borrow in year one, for an average of $7,510 each, across private and federal loan sources.
On the federal side, the average loan is $6,170. This is at or above the $5,500 first-year federal borrowing cap that applies to 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 Josef’s School of Hair, Skin & Body (freshmen included), 75% take out federal student loans, at an average of $6,731 annually. This works out to 9.1% larger than the $6,170 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,462 by year two and around $26,924 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $6,731 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $390,412 |
Graduating and withdrawing students at Josef’s School of Hair, Skin & Body carry a median federal debt of $6,337 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,337 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $3,755 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Josef’s School of Hair, Skin & Body.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,169 |
| 25th percentile | $4,750 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Josef’s School of Hair, Skin & Body.
Repayment burden translates the debt figures into what a borrower actually pays each month. Josef’s School of Hair, Skin & Body.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Josef’s School of Hair, Skin & Body follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 89 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,367 |
| Middle income | $6,335 |
| High income | $5,931 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,337 |
| Continuing-generation students | $8,419 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,221 |
| Independent students | $6,577 |
Federal data publishes the following gap measures for Josef’s School of Hair, Skin & Body.
The Difference Between Subsidized and 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.
Did You Know?
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.