by our College Data Analytics TeamThis page focuses on the debt students take on to attend Toni & Guy Hairdressing Academy-Albuquerque, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Toni & Guy Hairdressing Academy-Albuquerque, 80% of new students use loans toward freshman-year expenses, for an average of $6,108 each, across private and federal loan sources.
Federal loans alone average $6,108. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Toni & Guy Hairdressing Academy-Albuquerque, 60% use federal student loans to help pay for their education, with a mean of $6,031 annually. This is 1.3% lower than the first-year federal average of $6,108.
Carrying that yearly figure forward comes to roughly $12,062 by year two and around $24,124 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,031 |
| Undergraduates with a federal loan | 135 |
| Total federal loans (one year) | $814,167 |
The middle borrower at Toni & Guy Hairdressing Academy-Albuquerque owes $7,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $10,556 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Toni & Guy Hairdressing Academy-Albuquerque.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,596 |
| 25th percentile | $5,500 |
| 75th percentile | $17,667 |
| 90th percentile (highest-debt students) | $17,667 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Toni & Guy Hairdressing Academy-Albuquerque.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Toni & Guy Hairdressing Academy-Albuquerque.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 19 | $7,343 |
The indicators below describe what the typical debt costs to pay back at Toni & Guy Hairdressing Academy-Albuquerque.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Toni & Guy Hairdressing Academy-Albuquerque appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.6% |
| Borrowers in the cohort | 30 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,211 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $6,211 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,304 |
| Independent students | $6,211 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Toni & Guy Hairdressing Academy-Albuquerque.
The Difference Between 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.
Important to Remember
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.