by our College Data Analytics TeamThis page focuses on the debt students take on to attend University of Aesthetics & Cosmetology— 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.
Looking at the entering class at University of Aesthetics & Cosmetology, 58% of first-year students take on loan debt, averaging $5,213 each, across private and federal loan sources.
The typical federal loan comes to $5,213, representing 94.8% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at University of Aesthetics & Cosmetology (freshmen included), 58% take out federal student loans, for a typical $4,969 annually. That is 4.7% smaller than the $5,213 freshmen take on.
Borrowing the same amount each year would add up to roughly $9,938 in two years and roughly $19,876 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $4,969 |
| Undergraduates with a federal loan | 50 |
| Total federal loans (one year) | $248,452 |
Graduating and withdrawing students at University of Aesthetics & Cosmetology carry a median federal debt of $7,917 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
Repayment burden translates the debt figures into what a borrower actually pays each month. University of Aesthetics & Cosmetology.
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 University of Aesthetics & Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.2% |
| Borrowers in the cohort | 20 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Subsidized vs. 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.