by our College Data Analytics TeamThis page focuses on the debt students take on to attend Morgantown Beauty College Inc, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Morgantown Beauty College Inc, 73% of first-year students take on loan debt, for an average of $4,602 per borrower, covering both private and federal loans.
The average federally funded loan is $4,602, representing 83.7% of the $5,500 cap on first-year federal borrowing for the typical dependent student. 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 Morgantown Beauty College Inc (freshmen included), 60% rely on federal student loans toward their education, for a typical $5,500 each per year. That is 19.5% higher than the $4,602 freshmen take on.
At a steady annual pace, that totals around $11,000 over two years and about $22,000 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $5,500 |
| Undergraduates with a federal loan | 76 |
| Total federal loans (one year) | $418,015 |
The median student at Morgantown Beauty College Inc borrows $6,052 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,052 |
| Students who completed (graduates) | $6,365 |
| Students who withdrew | $4,008 |
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 Morgantown Beauty College Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,630 |
| 25th percentile | $4,975 |
| 75th percentile | $11,361 |
| 90th percentile (highest-debt students) | $12,225 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Morgantown Beauty College Inc.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Morgantown Beauty College Inc.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 29 | $8,234 |
These figures turn the debt totals into a monthly repayment picture for Morgantown Beauty College Inc.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Morgantown Beauty College Inc follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.0% |
| Borrowers in the cohort | 50 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,916 |
| Middle income | $6,276 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,916 |
| Continuing-generation students | $6,365 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,708 |
| Independent students | $6,281 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Morgantown Beauty College Inc.
Subsidized and 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.
Did You Know?
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.