by our College Data Analytics TeamThis page focuses on the debt students take on to attend Tri-State Cosmetology Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Tri-State Cosmetology Institute, 91% of incoming undergraduates borrow in year one, averaging $6,123 per borrower, covering both private and federal loans.
Federal loans alone average $6,123. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Tri-State Cosmetology Institute, 59% take out federal student loans, averaging $5,021 annually. It comes to 18.0% less than the $6,123 typical freshmen borrow.
Repeating that yearly amount projects to about $10,042 in two years and roughly $20,084 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $5,021 |
| Undergraduates with a federal loan | 124 |
| Total federal loans (one year) | $622,633 |
Graduating and withdrawing students at Tri-State Cosmetology Institute carry a median federal debt of $5,432 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,432 |
| Students who completed (graduates) | $5,735 |
| Students who withdrew | $2,724 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Tri-State Cosmetology Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,891 |
| 25th percentile | $3,666 |
| 75th percentile | $8,026 |
| 90th percentile (highest-debt students) | $13,250 |
How wide this percentile range is tells you how much borrowing varies across students at Tri-State Cosmetology Institute.
The indicators below describe what the typical debt costs to pay back at Tri-State Cosmetology Institute.
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 Tri-State Cosmetology Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.4% |
| Borrowers in the cohort | 112 |
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 | $5,432 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,432 |
| Continuing-generation students | $5,868 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $5,735 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Tri-State Cosmetology Institute.
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
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.