by our College Data Analytics TeamThis page focuses on the debt students take on to attend Beyond 21st Century Beauty Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Beyond 21st Century Beauty Academy, 48% of freshmen borrow to help pay for their first year, averaging $3,710 per borrower, covering both private and federal loans.
The average federal loan is $3,710, equal to roughly 67.5% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Beyond 21st Century Beauty Academy, 23% use federal student loans to help pay for their education, for a typical $4,785 per year. It comes to 29.0% above the $3,710 typical freshmen borrow.
Repeating that yearly amount projects to about $9,570 across two years and $19,140 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 23% |
| Average federal loan per year | $4,785 |
| Undergraduates with a federal loan | 42 |
| Total federal loans (one year) | $200,986 |
The middle borrower at Beyond 21st Century Beauty Academy owes $3,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,000 |
The indicators below describe what the typical debt costs to pay back at Beyond 21st Century Beauty Academy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Beyond 21st Century Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 2 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
Worth Knowing
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.