by our College Data Analytics TeamThis page focuses on the debt students take on to attend Neosho Beauty College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Neosho Beauty College specifically, 29% of first-year students take on loan debt, at roughly $5,819 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $5,819. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Neosho Beauty College, freshmen included, 42% borrow through federal student loan programs, averaging $6,414 a year. That is 10.2% above the $5,819 freshmen take on.
Borrowing at that rate every year works out to about $12,828 in two years and roughly $25,656 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 42% |
| Average federal loan per year | $6,414 |
| Undergraduates with a federal loan | 37 |
| Total federal loans (one year) | $237,332 |
The median student at Neosho Beauty College borrows $7,917 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $9,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Neosho Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $8,500 |
These figures turn the debt totals into a monthly repayment picture for Neosho Beauty College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Neosho Beauty College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 32 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.