by our College Data Analytics TeamThis page focuses on the debt students take on to attend Toni & Guy Hairdressing Academy-Cranston, 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-Cranston, 75% of incoming undergraduates borrow in year one, averaging $8,183 each — a figure that counts both private and federal student loans.
The average federally funded loan is $8,183. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Toni & Guy Hairdressing Academy-Cranston (freshmen included), 59% use federal student loans to help pay for their education, for a typical $6,421 per year. It comes to 21.5% smaller than the freshman federal average of $8,183.
Borrowing the same amount each year would add up to roughly $12,842 across two years and $25,684 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $6,421 |
| Undergraduates with a federal loan | 100 |
| Total federal loans (one year) | $642,116 |
The middle borrower at Toni & Guy Hairdressing Academy-Cranston owes $7,667 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $11,000 |
| 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-Cranston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,207 |
| 25th percentile | $6,733 |
| 75th percentile | $13,163 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Toni & Guy Hairdressing Academy-Cranston.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Toni & Guy Hairdressing Academy-Cranston.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 59 | $11,735 |
The indicators below describe what the typical debt costs to pay back at Toni & Guy Hairdressing Academy-Cranston.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Toni & Guy Hairdressing Academy-Cranston appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.6% |
| Borrowers in the cohort | 93 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $7,667 |
| High income | $7,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $7,667 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $11,374 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Toni & Guy Hairdressing Academy-Cranston.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
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.