by our College Data Analytics TeamHere you will find what students actually borrow to attend Tricoci University of Beauty Culture-Elgin: 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.
Among first-year students at Tricoci Elgin, 73% of new students use loans toward freshman-year expenses, averaging $8,792 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $8,684. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. 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 Tricoci Elgin, 54% rely on federal student loans toward their education, for a typical $6,717 each per year. This is 22.7% lower than the $8,684 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,434 over two years and about $26,868 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $6,717 |
| Undergraduates with a federal loan | 136 |
| Total federal loans (one year) | $913,487 |
Graduating and withdrawing students at Tricoci Elgin carry a median federal debt of $7,307 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,307 |
| Students who completed (graduates) | $7,307 |
| Students who withdrew | $3,653 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Tricoci Elgin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,357 |
| 90th percentile (highest-debt students) | $14,926 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Tricoci Elgin.
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 Tricoci Elgin.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 93 | $8,825 |
These figures turn the debt totals into a monthly repayment picture for Tricoci Elgin.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Tricoci Elgin appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.2% |
| Borrowers in the cohort | 80 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,307 |
| Middle income | $7,307 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,307 |
| Continuing-generation students | $7,307 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,304 |
| Independent students | $7,307 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Tricoci Elgin.
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
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.