by our College Data Analytics TeamThis page focuses on the debt students take on to attend Award Beauty School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Award Beauty School, 86% of first-year students take on loan debt, borrowing on average $3,018 per borrower, covering both private and federal loans.
The typical federal loan comes to $3,018, or about 54.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Award Beauty School (freshmen included), 41% finance part of their studies with federal loans, borrowing on average $2,888 per year. That amounts to 4.3% below the $3,018 borrowed by freshmen.
At a steady annual pace, that totals around $5,776 after two years and $11,552 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 41% |
| Average federal loan per year | $2,888 |
| Undergraduates with a federal loan | 84 |
| Total federal loans (one year) | $242,566 |
The middle borrower at Award Beauty School owes $7,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Award Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,942 |
| 25th percentile | $3,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $13,166 |
How wide this percentile range is tells you how much borrowing varies across students at Award Beauty School.
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 Award Beauty School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 25 | $4,000 |
The indicators below describe what the typical debt costs to pay back at Award Beauty School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Award Beauty School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.7% |
| Borrowers in the cohort | 253 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,309 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Award Beauty School.
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.