by our College Data Analytics TeamHere you will find what students actually borrow to attend Lil Lou’s Beauty And Barber College - Hammond, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Lil Lou’s Beauty And Barber College - Hammond, 86% of freshmen borrow to help pay for their first year, with a typical loan of $7,250 each — a figure that counts both private and federal student loans.
Federal loans alone average $7,250. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Lil Lou’s Beauty And Barber College - Hammond, 71% borrow through federal student loan programs, borrowing on average $6,154 each per year. This works out to 15.1% less than the $7,250 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,308 after two years and $24,616 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $6,154 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $147,701 |
The median student at Lil Lou’s Beauty And Barber College - Hammond borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $14,302 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Lil Lou’s Beauty And Barber College - Hammond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Lil Lou’s Beauty And Barber College - Hammond.
Repayment burden translates the debt figures into what a borrower actually pays each month. Lil Lou’s Beauty And Barber College - Hammond.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,667 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Lil Lou’s Beauty And Barber College - Hammond.
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.
Worth Knowing
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.