by our College Data Analytics TeamThis page focuses on the debt students take on to attend Milan Institute of Cosmetology-Reno: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Milan Institute of Cosmetology-Reno, 65% of new students use loans toward freshman-year expenses, with a typical loan of $5,034 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $5,034, amounting to 91.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Milan Institute of Cosmetology-Reno (freshmen included), 64% finance part of their studies with federal loans, at an average of $4,982 per year. This works out to 1.0% smaller than the $5,034 typical freshmen borrow.
Repeating that yearly amount projects to about $9,964 after two years and $19,928 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $4,982 |
| Undergraduates with a federal loan | 252 |
| Total federal loans (one year) | $1,255,464 |
The middle borrower at Milan Institute of Cosmetology-Reno owes $6,070 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,070 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,171 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Milan Institute of Cosmetology-Reno.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,872 |
| 25th percentile | $4,750 |
| 75th percentile | $10,555 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Milan Institute of Cosmetology-Reno.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Milan Institute of Cosmetology-Reno.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 85 | $4,990 |
| Completed (graduates) | 60 | $5,578 |
| Did not complete | 25 | $3,750 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $66.33/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Milan Institute of Cosmetology-Reno.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 72 | — |
| No Stafford loan this year | 13 | — |
The indicators below describe what the typical debt costs to pay back at Milan Institute of Cosmetology-Reno.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Milan Institute of Cosmetology-Reno is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 1278 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,078 |
| High income | $4,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,078 |
| Continuing-generation students | $5,768 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Milan Institute of Cosmetology-Reno.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.