by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Shear Excellence Hair 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.
For incoming students at Shear Excellence Hair Academy, 100% of incoming students take out a loan to help cover first-year costs, for an average of $9,500 per borrower, covering both private and federal loans.
Federal loans alone average $9,500. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Shear Excellence Hair Academy, 72% borrow through federal student loan programs, for a typical $7,487 each per year. It comes to 21.2% below the $9,500 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $14,974 in two years and roughly $29,948 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $7,487 |
| Undergraduates with a federal loan | 99 |
| Total federal loans (one year) | $741,217 |
The median student at Shear Excellence Hair Academy borrows $7,464 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,464 |
| Students who completed (graduates) | $9,498 |
| Students who withdrew | $3,282 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Shear Excellence Hair Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,860 |
| 25th percentile | $3,167 |
| 75th percentile | $8,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Shear Excellence Hair Academy.
These figures turn the debt totals into a monthly repayment picture for Shear Excellence Hair Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Shear Excellence Hair Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 23.5% |
| Borrowers in the cohort | 85 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,232 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,213 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Shear Excellence Hair Academy.
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.
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.