by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Aveda Institute - Minneapolis— 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.
Looking at the entering class at Aveda Institute - Minneapolis, 84% of freshmen borrow to help pay for their first year, borrowing on average $11,470 per student, private and federal loans combined.
The average federally funded loan is $6,724. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Aveda Institute - Minneapolis, 39% use federal student loans to help pay for their education, averaging $6,008 annually. This is 10.6% under the $6,724 freshmen take on.
At a steady annual pace, that totals around $12,016 across two years and $24,032 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $6,008 |
| Undergraduates with a federal loan | 350 |
| Total federal loans (one year) | $2,102,769 |
The middle borrower at Aveda Institute - Minneapolis owes $6,023 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,023 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,166 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Aveda Institute - Minneapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,446 |
| 25th percentile | $3,666 |
| 75th percentile | $10,194 |
| 90th percentile (highest-debt students) | $13,099 |
How wide this percentile range is tells you how much borrowing varies across students at Aveda Institute - Minneapolis.
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 Institute - Minneapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 95 | $11,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Aveda Institute - Minneapolis.
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 - Minneapolis appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 333 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,069 |
| Middle income | $6,333 |
| High income | $3,666 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,332 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for Aveda Institute - Minneapolis.
Subsidized vs. 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.
Important to Remember
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.