by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Butler Beauty Academy - New Castle Beauty Academy: 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.
At Butler Beauty Academy - New Castle Beauty Academy, 50% of freshmen borrow to help pay for their first year, borrowing on average $7,043 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,620. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Butler Beauty Academy - New Castle Beauty Academy, 46% take out federal student loans, with a mean of $4,862 per year. This is 13.5% less than the $5,620 typical freshmen borrow.
Borrowing at that rate every year works out to about $9,724 across two years and $19,448 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 46% |
| Average federal loan per year | $4,862 |
| Undergraduates with a federal loan | 17 |
| Total federal loans (one year) | $82,652 |
The middle borrower at Butler Beauty Academy - New Castle Beauty Academy owes $7,481 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,481 |
| Students who completed (graduates) | $7,500 |
| Students who withdrew | $4,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Butler Beauty Academy - New Castle Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,725 |
| 25th percentile | $4,025 |
| 75th percentile | $8,028 |
| 90th percentile (highest-debt students) | $11,590 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Butler Beauty Academy - New Castle Beauty Academy.
These figures turn the debt totals into a monthly repayment picture for Butler Beauty Academy - New Castle Beauty Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Butler Beauty Academy - New Castle Beauty Academy appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.7% |
| Borrowers in the cohort | 103 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,500 |
The Difference Between 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.
Important to Remember
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.