by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Baltimore Studio of Hair Design— 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 Baltimore Studio of Hair Design, 100% of incoming students take out a loan to help cover first-year costs, borrowing on average $5,350 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,350, which is 97.3% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Baltimore Studio of Hair Design, freshmen included, 98% use federal student loans to help pay for their education, borrowing on average $5,250 in federal loans per year. This works out to 1.9% below the first-year federal average of $5,350.
At a steady annual pace, that totals around $10,500 in two years and roughly $21,000 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 | 98% |
| Average federal loan per year | $5,250 |
| Undergraduates with a federal loan | 40 |
| Total federal loans (one year) | $210,000 |
The median student at Baltimore Studio of Hair Design borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,463 |
| 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 Baltimore Studio of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Baltimore Studio of Hair Design.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Baltimore Studio of Hair Design is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.8% |
| Borrowers in the cohort | 121 |
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.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,224 |
| Independent students | $7,510 |
The Difference Between Subsidized and 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
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.