by our College Data Analytics TeamThis page focuses on the debt students take on to attend Alabama School of Nail Technology & Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Alabama School of Nail Technology & Cosmetology, 24% of incoming undergraduates borrow in year one, for an average of $6,381 per student, private and federal loans combined.
The average federally funded loan is $6,381. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Alabama School of Nail Technology & Cosmetology, 33% finance part of their studies with federal loans, averaging $6,777 annually. That is 6.2% greater than the $6,381 borrowed by freshmen.
Repeating that yearly amount projects to about $13,554 across two years and $27,108 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $6,777 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $372,709 |
Graduating and withdrawing students at Alabama School of Nail Technology & Cosmetology carry a median federal debt of $16,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,500 |
| Students who completed (graduates) | $16,500 |
The indicators below describe what the typical debt costs to pay back at Alabama School of Nail Technology & Cosmetology.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,830 |
| Independent students | $16,500 |
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?
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.