by our College Data Analytics TeamThis page focuses on the debt students take on to attend Arizona Academy of Beauty - East— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Arizona Academy of Beauty - East, 71% of incoming undergraduates borrow in year one, with a typical loan of $3,899 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $3,899, representing 70.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Arizona Academy of Beauty - East, 51% finance part of their studies with federal loans, for a typical $4,610 per year. This works out to 18.2% higher than the first-year federal average of $3,899.
Repeating that yearly amount projects to about $9,220 after two years and $18,440 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $4,610 |
| Undergraduates with a federal loan | 42 |
| Total federal loans (one year) | $193,602 |
The median student at Arizona Academy of Beauty - East borrows $4,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $5,250 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Arizona Academy of Beauty - East.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $850 |
| 25th percentile | $1,380 |
| 75th percentile | $7,250 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Arizona Academy of Beauty - East.
Repayment burden translates the debt figures into what a borrower actually pays each month. Arizona Academy of Beauty - East.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Arizona Academy of Beauty - East appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.2% |
| Borrowers in the cohort | 57 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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
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.