by our College Data Analytics TeamHere you will find what students actually borrow to attend Prestige Health & Beauty Sciences Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Prestige Health & Beauty Sciences Academy, 7% of new students use loans toward freshman-year expenses, borrowing on average $7,917 per student, private and federal loans combined.
The average federal loan is $7,917. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Prestige Health & Beauty Sciences Academy (freshmen included), 19% finance part of their studies with federal loans, averaging $6,250 a year. It comes to 21.1% lower than the freshman federal average of $7,917.
At a steady annual pace, that totals around $12,500 by year two and around $25,000 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $6,250 |
| Undergraduates with a federal loan | 21 |
| Total federal loans (one year) | $131,246 |
The middle borrower at Prestige Health & Beauty Sciences Academy owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Prestige Health & Beauty Sciences Academy.
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.