by our College Data Analytics TeamHere you will find what students actually borrow to attend Toni & Guy Hairdressing Academy-Colorado Springs— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Toni & Guy Hairdressing Academy-Colorado Springs specifically, 63% of first-year students take on loan debt, at roughly $4,581 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $3,788, or about 68.9% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 Toni & Guy Hairdressing Academy-Colorado Springs, 54% finance part of their studies with federal loans, averaging $5,327 a year. This works out to 40.6% above the $3,788 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $10,654 in two years and roughly $21,308 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $5,327 |
| Undergraduates with a federal loan | 125 |
| Total federal loans (one year) | $665,913 |
The median student at Toni & Guy Hairdressing Academy-Colorado Springs borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,008 |
| Students who withdrew | $5,430 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Toni & Guy Hairdressing Academy-Colorado Springs.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,069 |
| 25th percentile | $5,405 |
| 75th percentile | $13,369 |
| 90th percentile (highest-debt students) | $17,916 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Toni & Guy Hairdressing Academy-Colorado Springs.
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-Colorado Springs.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 20 | $9,251 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Toni & Guy Hairdressing Academy-Colorado Springs.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Toni & Guy Hairdressing Academy-Colorado Springs follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.4% |
| Borrowers in the cohort | 115 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Toni & Guy Hairdressing Academy-Colorado Springs.
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.
Worth Knowing
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.