by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Aveda Institute - Chicago: 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.
Among first-year students at Aveda Institute - Chicago, 83% of new students use loans toward freshman-year expenses, averaging $9,303 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $8,361. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Aveda Institute - Chicago, 45% finance part of their studies with federal loans, averaging $7,971 annually. This works out to 4.7% smaller than the $8,361 freshmen take on.
At a steady annual pace, that totals around $15,942 by year two and around $31,884 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $7,971 |
| Undergraduates with a federal loan | 83 |
| Total federal loans (one year) | $661,571 |
Graduating and withdrawing students at Aveda Institute - Chicago carry a median federal debt of $7,917 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Aveda Institute - Chicago.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,584 |
| 25th percentile | $5,500 |
| 75th percentile | $13,833 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Aveda Institute - Chicago.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Aveda Institute - Chicago.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 33 | $13,905 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Aveda Institute - Chicago.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Aveda Institute - Chicago follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.5% |
| Borrowers in the cohort | 93 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,917 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Aveda Institute - Chicago.
Subsidized vs. 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.