by our College Data Analytics TeamThis page focuses on the debt students take on to attend Lowell Academy Hairstyling Institute— 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 Lowell Academy Hairstyling Institute, 71% of new students use loans toward freshman-year expenses, averaging $6,860 per borrower, covering both private and federal loans.
The average federal loan is $6,860. That sits at or beyond the $5,500 first-year federal limit 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 Lowell Academy Hairstyling Institute, freshmen included, 64% borrow through federal student loan programs, averaging $5,676 annually. It comes to 17.3% under the freshman federal average of $6,860.
Repeating that yearly amount projects to about $11,352 over two years and about $22,704 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $5,676 |
| Undergraduates with a federal loan | 60 |
| Total federal loans (one year) | $340,547 |
The median student at Lowell Academy Hairstyling Institute borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,994 |
| Students who withdrew | $3,993 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Lowell Academy Hairstyling Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,865 |
| 75th percentile | $8,015 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Lowell Academy Hairstyling Institute.
These figures turn the debt totals into a monthly repayment picture for Lowell Academy Hairstyling Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Lowell Academy Hairstyling Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.0% |
| Borrowers in the cohort | 50 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,994 |
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.
Did You Know?
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.