by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Bridges Beauty College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Bridges Beauty College, 42% of incoming students take out a loan to help cover first-year costs, for an average of $4,735 per borrower, covering both private and federal loans.
Federal loans alone average $4,735, representing 86.1% 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.
Counting every undergraduate at Bridges Beauty College, 48% take out federal student loans, with a mean of $3,840 annually. That is 18.9% smaller than the $4,735 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $7,680 in two years and roughly $15,360 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $3,840 |
| Undergraduates with a federal loan | 76 |
| Total federal loans (one year) | $291,825 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Bridges Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $6,505 |
These figures turn the debt totals into a monthly repayment picture for Bridges Beauty College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Bridges Beauty College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.3% |
| Borrowers in the cohort | 116 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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?
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.