by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Artistic Nails and Beauty Academy - Lakeland, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Artistic Nails and Beauty Academy - Lakeland, 74% of new students use loans toward freshman-year expenses, for an average of $5,175 per student, private and federal loans combined.
Federal loans alone average $5,175, amounting to 94.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Artistic Nails and Beauty Academy - Lakeland, 57% finance part of their studies with federal loans, at an average of $4,661 each per year. This works out to 9.9% lower than the $5,175 borrowed by freshmen.
At a steady annual pace, that totals around $9,322 by year two and around $18,644 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $4,661 |
| Undergraduates with a federal loan | 212 |
| Total federal loans (one year) | $988,041 |
The median student at Artistic Nails and Beauty Academy - Lakeland borrows $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,996 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Artistic Nails and Beauty Academy - Lakeland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,133 |
| 25th percentile | $4,138 |
| 75th percentile | $9,500 |
| 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 Nails and Beauty Academy - Lakeland.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Artistic Nails and Beauty Academy - Lakeland.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 34 | $4,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Artistic Nails and Beauty Academy - Lakeland.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Artistic Nails and Beauty Academy - Lakeland is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 219 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Artistic Nails and Beauty Academy - Lakeland.
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.
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.