by our College Data Analytics TeamBelow is federal data on the loans students use to pay for American Beauty Schools: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at American Beauty Schools, 23% of new students use loans toward freshman-year expenses, with a typical loan of $5,824 per student, private and federal loans combined.
The average federally funded loan is $5,824. That is at or past the $5,500 federal first-year limit for 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 American Beauty Schools, freshmen included, 23% take out federal student loans, at an average of $5,824 each per year.
Carrying that yearly figure forward comes to roughly $11,648 after two years and $23,296 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 23% |
| Average federal loan per year | $5,824 |
| Undergraduates with a federal loan | 44 |
| Total federal loans (one year) | $256,249 |
Graduating and withdrawing students at American Beauty Schools carry a median federal debt of $3,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. American Beauty Schools.
Subsidized and 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.
Important to Remember
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.