by our College Data Analytics TeamHere you will find what students actually borrow to attend Montgomery Beauty School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Montgomery Beauty School specifically, 82% of first-year students take on loan debt, with a typical loan of $3,352 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $3,352, amounting to 60.9% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 Montgomery Beauty School (freshmen included), 59% borrow through federal student loan programs, at an average of $2,882 annually. That is 14.0% lower than the first-year federal average of $3,352.
At a steady annual pace, that totals around $5,764 over two years and about $11,528 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 | 59% |
| Average federal loan per year | $2,882 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $245,004 |
The middle borrower at Montgomery Beauty School owes $7,667 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $11,845 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Montgomery Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,980 |
| 75th percentile | $7,500 |
| 90th percentile (highest-debt students) | $11,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Montgomery Beauty School.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Montgomery Beauty School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 33 | $4,927 |
These figures turn the debt totals into a monthly repayment picture for Montgomery Beauty School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Montgomery Beauty School follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.9% |
| Borrowers in the cohort | 72 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,295 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,750 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,373 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Montgomery Beauty School.
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.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.