by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Hair Technology, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Academy of Hair Technology specifically, 0% of freshmen borrow to help pay for their first year.
Counting every undergraduate at Academy of Hair Technology, 28% borrow through federal student loan programs, averaging $3,609 in federal loans per year.
Borrowing at that rate every year works out to about $7,218 after two years and $14,436 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 28% |
| Average federal loan per year | $3,609 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $162,397 |
The middle borrower at Academy of Hair Technology owes $2,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $2,750 |
| Students who completed (graduates) | $3,417 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Academy of Hair Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,333 |
| 75th percentile | $6,500 |
These figures turn the debt totals into a monthly repayment picture for Academy of Hair Technology.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Academy of Hair Technology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.4% |
| Borrowers in the cohort | 103 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $2,333 |
The Difference Between Subsidized and 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.
Worth Knowing
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.