by our College Data Analytics TeamBelow is federal data on the loans students use to pay for American Institute of Beauty: 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 Institute of Beauty, 74% of freshmen borrow to help pay for their first year, borrowing on average $6,813 each, across private and federal loan sources.
The average federal loan is $6,813. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at American Institute of Beauty, 76% rely on federal student loans toward their education, for a typical $6,924 in federal loans per year. This is 1.6% more than the $6,813 freshmen take on.
Repeating that yearly amount projects to about $13,848 over two years and about $27,696 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 | 76% |
| Average federal loan per year | $6,924 |
| Undergraduates with a federal loan | 427 |
| Total federal loans (one year) | $2,956,679 |
The middle borrower at American Institute of Beauty owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,800 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for American Institute of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at American Institute of Beauty.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at American Institute of Beauty.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 61 | $4,200 |
| Completed (graduates) | 38 | $5,622 |
| Did not complete | 23 | $3,161 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $66.85/mo.
The indicators below describe what the typical debt costs to pay back at American Institute of Beauty.
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 American Institute of Beauty follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.7% |
| Borrowers in the cohort | 174 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $4,750 |
| High income | $4,400 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $4,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,400 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at American Institute of Beauty.
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.
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.