by our College Data Analytics TeamHere you will find what students actually borrow to attend Medspa Academies-National Institute of Modern Aesthetics: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Medspa Academies-National Institute of Modern Aesthetics specifically, 71% of freshmen borrow to help pay for their first year, borrowing on average $7,457 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,457. This meets or exceeds the $5,500 cap on first-year federal borrowing 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.
Looking at all undergraduates at Medspa Academies-National Institute of Modern Aesthetics, freshmen included, 46% use federal student loans to help pay for their education, at an average of $7,822 in federal loans per year. It comes to 4.9% above the $7,457 freshmen take on.
Borrowing the same amount each year would add up to roughly $15,644 over two years and about $31,288 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 | 46% |
| Average federal loan per year | $7,822 |
| Undergraduates with a federal loan | 159 |
| Total federal loans (one year) | $1,243,688 |
The middle borrower at Medspa Academies-National Institute of Modern Aesthetics owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Medspa Academies-National Institute of Modern Aesthetics.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,250 |
| 25th percentile | $7,115 |
| 75th percentile | $12,125 |
| 90th percentile (highest-debt students) | $13,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Medspa Academies-National Institute of Modern Aesthetics.
These figures turn the debt totals into a monthly repayment picture for Medspa Academies-National Institute of Modern Aesthetics.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $7,667 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,624 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Medspa Academies-National Institute of Modern Aesthetics.
The Difference Between 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.
Important to Remember
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.