by our College Data Analytics TeamHere you will find what students actually borrow to attend Artistic Academy of Hair Design— 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.
At Artistic Academy specifically, 65% of freshmen borrow to help pay for their first year, averaging $4,880 per borrower, covering both private and federal loans.
The typical federal loan comes to $4,880, amounting to 88.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Artistic Academy, 44% borrow through federal student loan programs, borrowing on average $5,111 per year. This works out to 4.7% higher than the freshman federal average of $4,880.
Repeating that yearly amount projects to about $10,222 across two years and $20,444 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 | 44% |
| Average federal loan per year | $5,111 |
| Undergraduates with a federal loan | 60 |
| Total federal loans (one year) | $306,660 |
The median student at Artistic Academy borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $5,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Artistic Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,391 |
| 25th percentile | $4,266 |
| 75th percentile | $6,332 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Artistic Academy.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Artistic Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $6,921 |
The indicators below describe what the typical debt costs to pay back at Artistic Academy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Artistic Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.1% |
| Borrowers in the cohort | 147 |
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 | $5,500 |
| Middle income | $5,094 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,354 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,210 |
| Independent students | $6,332 |
Federal data publishes the following gap measures for Artistic Academy.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
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.