by our College Data Analytics TeamHere you will find what students actually borrow to attend American Hair Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at American Hair Academy, 57% of incoming students take out a loan to help cover first-year costs, averaging $9,329 each, across private and federal loan sources.
On the federal side, the average loan is $9,329. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at American Hair Academy, 53% use federal student loans to help pay for their education, for a typical $8,178 each per year. It comes to 12.3% less than the $9,329 typical freshmen borrow.
Borrowing at that rate every year works out to about $16,356 after two years and $32,712 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $8,178 |
| Undergraduates with a federal loan | 17 |
| Total federal loans (one year) | $139,027 |
The middle borrower at American Hair Academy owes $9,858 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,858 |
These figures turn the debt totals into a monthly repayment picture for American Hair Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for American Hair Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 26 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.