by our College Data Analytics TeamHere you will find what students actually borrow to attend Oxford Academy of Hair Design Inc: 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 Oxford Academy of Hair Design Inc, 70% of incoming undergraduates borrow in year one, at roughly $5,156 per student, private and federal loans combined.
On the federal side, the average loan is $5,156, which is 93.7% of the $5,500 first-year borrowing cap for the typical first-year dependent student. 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 Oxford Academy of Hair Design Inc (freshmen included), 76% finance part of their studies with federal loans, at an average of $5,244 in federal loans per year. This works out to 1.7% greater than the $5,156 typical freshmen borrow.
Repeating that yearly amount projects to about $10,488 across two years and $20,976 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $5,244 |
| Undergraduates with a federal loan | 118 |
| Total federal loans (one year) | $618,781 |
Graduating and withdrawing students at Oxford Academy of Hair Design Inc carry a median federal debt of $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Oxford Academy of Hair Design Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Oxford Academy of Hair Design Inc.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Oxford Academy of Hair Design Inc.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $9,307 |
These figures turn the debt totals into a monthly repayment picture for Oxford Academy of Hair Design Inc.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Oxford Academy of Hair Design Inc appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 28.5% |
| Borrowers in the cohort | 17 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $9,475 |
| High income | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Oxford Academy of Hair Design Inc.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
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.