by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Hair Design - Lufkin: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Academy of Hair Design - Lufkin, 94% of new students use loans toward freshman-year expenses, averaging $5,840 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,775. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. 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 Academy of Hair Design - Lufkin, freshmen included, 78% rely on federal student loans toward their education, for a typical $7,211 per year. This works out to 24.9% greater than the first-year federal average of $5,775.
Carrying that yearly figure forward comes to roughly $14,422 across two years and $28,844 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 78% |
| Average federal loan per year | $7,211 |
| Undergraduates with a federal loan | 56 |
| Total federal loans (one year) | $403,816 |
The median student at Academy of Hair Design - Lufkin borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,125 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Academy of Hair Design - Lufkin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $16,500 |
The indicators below describe what the typical debt costs to pay back at Academy of Hair Design - Lufkin.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Academy of Hair Design - Lufkin.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.