by our College Data Analytics TeamHere you will find what students actually borrow to attend Altoona Beauty School Inc— 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.
Looking at the entering class at Altoona Beauty School Inc, 67% of incoming students take out a loan to help cover first-year costs, for an average of $4,956 per borrower, covering both private and federal loans.
The typical federal loan comes to $4,956, amounting to 90.1% of the $5,500 cap on first-year federal borrowing for the 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.
Among all degree-seeking undergrads at Altoona Beauty School Inc, 57% rely on federal student loans toward their education, at an average of $4,975 per year. This works out to 0.4% more than the $4,956 typical freshmen borrow.
Borrowing at that rate every year works out to about $9,950 over two years and about $19,900 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $4,975 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $422,891 |
The middle borrower at Altoona Beauty School Inc owes $4,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $4,750 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Altoona Beauty School Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,167 |
| 75th percentile | $7,832 |
These figures turn the debt totals into a monthly repayment picture for Altoona Beauty School Inc.
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 Altoona Beauty School Inc follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.3% |
| Borrowers in the cohort | 55 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $4,750 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Altoona Beauty School Inc.
Subsidized vs. 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.
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.