by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Virginia School of Hair Design— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Virginia School of Hair Design, 67% of incoming students take out a loan to help cover first-year costs, at roughly $7,742 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,742. 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 Virginia School of Hair Design, 48% borrow through federal student loan programs, borrowing on average $6,223 each per year. That amounts to 19.6% under the $7,742 freshmen take on.
Repeating that yearly amount projects to about $12,446 over two years and about $24,892 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 | 48% |
| Average federal loan per year | $6,223 |
| Undergraduates with a federal loan | 111 |
| Total federal loans (one year) | $690,744 |
The middle borrower at Virginia School of Hair Design owes $7,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Virginia School of Hair Design.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Virginia School of Hair Design follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized and 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?
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.