by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Bella Cosmetology College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Bella Cosmetology College, 90% of incoming undergraduates borrow in year one, for an average of $7,907 each — a figure that counts both private and federal student loans.
Federal loans alone average $7,907. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Bella Cosmetology College, freshmen included, 58% borrow through federal student loan programs, at an average of $8,076 in federal loans per year. That amounts to 2.1% greater than the freshman federal average of $7,907.
Carrying that yearly figure forward comes to roughly $16,152 in two years and roughly $32,304 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $8,076 |
| Undergraduates with a federal loan | 70 |
| Total federal loans (one year) | $565,292 |
The middle borrower at Bella Cosmetology College owes $8,583 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,583 |
| Students who completed (graduates) | $10,667 |
| Students who withdrew | $4,749 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Bella Cosmetology College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,734 |
| 75th percentile | $7,500 |
The indicators below describe what the typical debt costs to pay back at Bella Cosmetology College.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,583 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $9,500 |
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.
Did You Know?
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.