by our College Data Analytics TeamHere you will find what students actually borrow to attend Vanguard College of Cosmetology-Metairie, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Vanguard College of Cosmetology-Metairie, 96% of incoming students take out a loan to help cover first-year costs, for an average of $7,947 per student, private and federal loans combined.
The average federally funded loan is $7,947. 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.
Counting every undergraduate at Vanguard College of Cosmetology-Metairie, 59% use federal student loans to help pay for their education, borrowing on average $7,447 a year. It comes to 6.3% below the freshman federal average of $7,947.
Repeating that yearly amount projects to about $14,894 across two years and $29,788 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $7,447 |
| Undergraduates with a federal loan | 203 |
| Total federal loans (one year) | $1,511,838 |
The median student at Vanguard College of Cosmetology-Metairie borrows $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Vanguard College of Cosmetology-Metairie.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,837 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Vanguard College of Cosmetology-Metairie.
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 Vanguard College of Cosmetology-Metairie.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 68 | $8,129 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Vanguard College of Cosmetology-Metairie.
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 Vanguard College of Cosmetology-Metairie is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.0% |
| Borrowers in the cohort | 107 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Vanguard College of Cosmetology-Metairie.
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.
Did You Know?
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.