by our College Data Analytics TeamBelow is federal data on the loans students use to pay for La James College of Hairstyling and 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.
For incoming students at LaJames College, 80% of incoming undergraduates borrow in year one, borrowing on average $7,358 per student, private and federal loans combined.
The average federal loan is $7,358. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at LaJames College, freshmen included, 81% finance part of their studies with federal loans, with a mean of $6,647 in federal loans per year. This works out to 9.7% less than the freshman federal average of $7,358.
Borrowing at that rate every year works out to about $13,294 in two years and roughly $26,588 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 | 81% |
| Average federal loan per year | $6,647 |
| Undergraduates with a federal loan | 77 |
| Total federal loans (one year) | $511,843 |
Graduating and withdrawing students at LaJames College carry a median federal debt of $6,332 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,332 |
| Students who completed (graduates) | $6,930 |
| Students who withdrew | $4,750 |
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 LaJames College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,971 |
| 75th percentile | $8,000 |
These figures turn the debt totals into a monthly repayment picture for LaJames College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for LaJames College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.1% |
| Borrowers in the cohort | 74 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,332 |
| Continuing-generation students | $5,916 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,596 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at LaJames College.
The Difference Between Subsidized and 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
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.