by our College Data Analytics TeamBelow is federal data on the loans students use to pay for New Beginning College of Cosmetology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at New Beginning College of Cosmetology, 79% of incoming undergraduates borrow in year one, borrowing on average $4,833 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $4,234, equal to roughly 77.0% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at New Beginning College of Cosmetology (freshmen included), 72% use federal student loans to help pay for their education, borrowing on average $4,360 each per year. That amounts to 3.0% greater than the freshman federal average of $4,234.
Borrowing the same amount each year would add up to roughly $8,720 in two years and roughly $17,440 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 | 72% |
| Average federal loan per year | $4,360 |
| Undergraduates with a federal loan | 39 |
| Total federal loans (one year) | $170,052 |
The median student at New Beginning College of Cosmetology borrows $6,100 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,100 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $3,904 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for New Beginning College of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New Beginning College of Cosmetology.
These figures turn the debt totals into a monthly repayment picture for New Beginning College of Cosmetology.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,920 |
| Independent students | $7,253 |
The Difference Between 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
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.