by our College Data Analytics TeamHere you will find what students actually borrow to attend Ohio State School of Cosmetology-Canal Winchester, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Ohio State School of Cosmetology-Canal Winchester, 71% of incoming students take out a loan to help cover first-year costs, with a typical loan of $4,466 per student, private and federal loans combined.
On the federal side, the average loan is $4,466, which is 81.2% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Ohio State School of Cosmetology-Canal Winchester (freshmen included), 80% borrow through federal student loan programs, averaging $4,052 each per year. It comes to 9.3% less than the $4,466 typical freshmen borrow.
Borrowing at that rate every year works out to about $8,104 after two years and $16,208 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $4,052 |
| Undergraduates with a federal loan | 56 |
| Total federal loans (one year) | $226,894 |
The middle borrower at Ohio State School of Cosmetology-Canal Winchester owes $9,700 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,700 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,025 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ohio State School of Cosmetology-Canal Winchester.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,025 |
| 25th percentile | $3,500 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $12,675 |
How wide this percentile range is tells you how much borrowing varies across students at Ohio State School of Cosmetology-Canal Winchester.
The indicators below describe what the typical debt costs to pay back at Ohio State School of Cosmetology-Canal Winchester.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Ohio State School of Cosmetology-Canal Winchester appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.5% |
| Borrowers in the cohort | 38 |
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 | $9,371 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,144 |
| Independent students | $9,800 |
Federal data publishes the following gap measures for Ohio State School of Cosmetology-Canal Winchester.
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.
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.