by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Shawnee Beauty College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Shawnee Beauty College, 19% of freshmen borrow to help pay for their first year, with a typical loan of $3,560 per student, private and federal loans combined.
The typical federal loan comes to $3,560, which is 64.7% 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.
Counting every undergraduate at Shawnee Beauty College, 7% rely on federal student loans toward their education, for a typical $3,560 per year.
At a steady annual pace, that totals around $7,120 over two years and about $14,240 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 | 7% |
| Average federal loan per year | $3,560 |
| Undergraduates with a federal loan | 6 |
| Total federal loans (one year) | $21,360 |
The middle borrower at Shawnee Beauty College owes $4,400 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,400 |
These figures turn the debt totals into a monthly repayment picture for Shawnee Beauty College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Shawnee Beauty College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 3 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. 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?
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.