by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Model College of Hair Design, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Model College of Hair Design, 49% of incoming undergraduates borrow in year one, at roughly $2,574 each, across private and federal loan sources.
Federal loans alone average $999, which is 18.2% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Model College of Hair Design, 52% use federal student loans to help pay for their education, with a mean of $2,820 in federal loans per year. This works out to 182.3% above the $999 borrowed by freshmen.
Borrowing at that rate every year works out to about $5,640 in two years and roughly $11,280 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 | 52% |
| Average federal loan per year | $2,820 |
| Undergraduates with a federal loan | 104 |
| Total federal loans (one year) | $293,296 |
The median student at Model College of Hair Design borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,139 |
| Students who withdrew | $4,750 |
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 Model College of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $8,780 |
| 90th percentile (highest-debt students) | $12,149 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Model College of Hair Design.
The indicators below describe what the typical debt costs to pay back at Model College of Hair Design.
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 Model College of Hair Design appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.2% |
| Borrowers in the cohort | 88 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
| Middle income | $5,500 |
| High income | $8,705 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,772 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,887 |
| Independent students | $4,750 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Model College of Hair Design.
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
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.