by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Reflections Academy of Beauty: 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 Reflections Academy of Beauty, 88% of first-year students take on loan debt, at roughly $8,051 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $8,051. 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.
Counting every undergraduate at Reflections Academy of Beauty, 84% finance part of their studies with federal loans, averaging $7,256 each per year. This works out to 9.9% smaller than the freshman federal average of $8,051.
At a steady annual pace, that totals around $14,512 in two years and roughly $29,024 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 84% |
| Average federal loan per year | $7,256 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $297,476 |
The median student at Reflections Academy of Beauty borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $16,500 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Repayment burden translates the debt figures into what a borrower actually pays each month. Reflections Academy of Beauty.
Subsidized and 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.
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.