by our College Data Analytics TeamThis page focuses on the debt students take on to attend Makana Esthetics Wellness Academy— 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.
Among first-year students at Makana Esthetics Wellness Academy, 61% of incoming students take out a loan to help cover first-year costs, averaging $5,013 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,013, or about 91.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Makana Esthetics Wellness Academy, 44% finance part of their studies with federal loans, averaging $5,150 each per year. That amounts to 2.7% above the $5,013 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $10,300 after two years and $20,600 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $5,150 |
| Undergraduates with a federal loan | 52 |
| Total federal loans (one year) | $267,779 |
Graduating and withdrawing students at Makana Esthetics Wellness Academy carry a median federal debt of $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
These figures turn the debt totals into a monthly repayment picture for Makana Esthetics Wellness Academy.
Subsidized vs. 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.