by our College Data Analytics TeamThis page focuses on the debt students take on to attend Academy of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Academy of Cosmetology, 47% of freshmen borrow to help pay for their first year, with a typical loan of $4,837 per student, private and federal loans combined.
Federal loans alone average $4,837, equal to roughly 87.9% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Academy of Cosmetology, 59% take out federal student loans, borrowing on average $6,264 annually. That is 29.5% higher than the first-year federal average of $4,837.
Borrowing at that rate every year works out to about $12,528 by year two and around $25,056 over four years. 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 | $6,264 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $181,661 |
The median student at Academy of Cosmetology borrows $6,948 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,948 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy of Cosmetology.
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 Academy of Cosmetology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.4% |
| Borrowers in the cohort | 16 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
Important to Remember
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.