by our College Data Analytics TeamBelow is federal data on the loans students use to pay for University of Spa & Cosmetology Arts— 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 University of Spa & Cosmetology Arts specifically, 79% of new students use loans toward freshman-year expenses, borrowing on average $4,919 per student, private and federal loans combined.
On the federal side, the average loan is $4,919, which is 89.4% of the typical first-year dependent student borrowing cap of $5,500. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at University of Spa & Cosmetology Arts, freshmen included, 49% finance part of their studies with federal loans, for a typical $4,829 a year. It comes to 1.8% less than the $4,919 freshmen take on.
Borrowing the same amount each year would add up to roughly $9,658 across two years and $19,316 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $4,829 |
| Undergraduates with a federal loan | 121 |
| Total federal loans (one year) | $584,263 |
Graduating and withdrawing students at University of Spa & Cosmetology Arts carry a median federal debt of $4,124 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,124 |
| Students who completed (graduates) | $4,584 |
| Students who withdrew | $3,575 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at University of Spa & Cosmetology Arts.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,139 |
| 25th percentile | $3,694 |
| 75th percentile | $7,917 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at University of Spa & Cosmetology Arts.
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 University of Spa & Cosmetology Arts.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 62 | $8,074 |
Repayment burden translates the debt figures into what a borrower actually pays each month. University of Spa & Cosmetology Arts.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for University of Spa & Cosmetology Arts is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.5% |
| Borrowers in the cohort | 152 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,017 |
| Middle income | $4,750 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,115 |
| Continuing-generation students | $4,584 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $3,888 |
Federal data publishes the following gap measures for University of Spa & Cosmetology Arts.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
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.