by our College Data Analytics TeamThis page focuses on the debt students take on to attend Rudae’s School of Beauty Culture-Ft Wayne, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Rudae’s School of Beauty Culture-Ft Wayne, 100% of first-year students take on loan debt, with a typical loan of $9,130 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $9,130. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Rudae’s School of Beauty Culture-Ft Wayne, freshmen included, 63% borrow through federal student loan programs, borrowing on average $7,768 a year. That is 14.9% less than the $9,130 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,536 across two years and $31,072 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 | 63% |
| Average federal loan per year | $7,768 |
| Undergraduates with a federal loan | 97 |
| Total federal loans (one year) | $753,489 |
The middle borrower at Rudae’s School of Beauty Culture-Ft Wayne owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Rudae’s School of Beauty Culture-Ft Wayne.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $5,500 |
| 75th percentile | $12,254 |
| 90th percentile (highest-debt students) | $16,319 |
How wide this percentile range is tells you how much borrowing varies across students at Rudae’s School of Beauty Culture-Ft Wayne.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Rudae’s School of Beauty Culture-Ft Wayne.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 19 | $6,900 |
These figures turn the debt totals into a monthly repayment picture for Rudae’s School of Beauty Culture-Ft Wayne.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Rudae’s School of Beauty Culture-Ft Wayne appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 177 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $9,500 |
| Middle income | $9,392 |
| High income | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,940 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Rudae’s School of Beauty Culture-Ft Wayne.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
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.