by our College Data Analytics TeamHere you will find what students actually borrow to attend Mississippi College of Beauty Culture, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Mississippi College of Beauty Culture, 55% of first-year students take on loan debt, borrowing on average $6,389 per borrower, covering both private and federal loans.
Federal loans alone average $6,389. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Mississippi College of Beauty Culture, 48% borrow through federal student loan programs, for a typical $6,197 each per year. This works out to 3.0% less than the freshman federal average of $6,389.
Carrying that yearly figure forward comes to roughly $12,394 by year two and around $24,788 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 | 48% |
| Average federal loan per year | $6,197 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $223,094 |
Graduating and withdrawing students at Mississippi College of Beauty Culture carry a median federal debt of $6,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $6,500 |
The indicators below describe what the typical debt costs to pay back at Mississippi College of Beauty Culture.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Mississippi College of Beauty Culture appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized vs. 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.