by our College Data Analytics TeamThis page focuses on the debt students take on to attend Aveda Arts & Sciences Institute, Covington— 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.
At Aveda Arts & Sciences Institute, Covington specifically, 73% of first-year students take on loan debt, for an average of $8,908 per borrower, covering both private and federal loans.
The average federally funded loan is $7,228. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Aveda Arts & Sciences Institute, Covington, 49% finance part of their studies with federal loans, averaging $7,132 annually. It comes to 1.3% smaller than the first-year federal average of $7,228.
Borrowing the same amount each year would add up to roughly $14,264 across two years and $28,528 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $7,132 |
| Undergraduates with a federal loan | 1,980 |
| Total federal loans (one year) | $14,121,507 |
Graduating and withdrawing students at Aveda Arts & Sciences Institute, Covington carry a median federal debt of $7,917 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Aveda Arts & Sciences Institute, Covington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,004 |
| 25th percentile | $5,500 |
| 75th percentile | $12,754 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Aveda Arts & Sciences Institute, Covington.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Aveda Arts & Sciences Institute, Covington.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 650 | $8,029 |
| Completed (graduates) | 521 | $7,699 |
| Did not complete | 129 | $8,699 |
On a standard 10-year plan, the median completing borrower would pay about $91.55/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Aveda Arts & Sciences Institute, Covington.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 630 | $7,864 |
| No Stafford loan this year | 20 | $12,847 |
These figures turn the debt totals into a monthly repayment picture for Aveda Arts & Sciences Institute, Covington.
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 Aveda Arts & Sciences Institute, Covington appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.9% |
| Borrowers in the cohort | 814 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Aveda Arts & Sciences Institute, Covington.
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.