by our College Data Analytics TeamThis page focuses on the debt students take on to attend Butler Beauty Academy: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at Butler Beauty Academy, 34% of first-year students take on loan debt, averaging $5,106 per borrower, covering both private and federal loans.
The average federal loan is $5,106, or about 92.8% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Butler Beauty Academy, freshmen included, 33% borrow through federal student loan programs, borrowing on average $4,941 in federal loans per year. This is 3.2% below the $5,106 freshmen take on.
Borrowing the same amount each year would add up to roughly $9,882 over two years and about $19,764 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $4,941 |
| Undergraduates with a federal loan | 17 |
| Total federal loans (one year) | $83,997 |
Graduating and withdrawing students at Butler Beauty Academy carry a median federal debt of $7,481 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,481 |
| Students who completed (graduates) | $7,500 |
| Students who withdrew | $4,000 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Butler 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 gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Butler Beauty Academy.
These figures turn the debt totals into a monthly repayment picture for Butler Beauty Academy.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Butler Beauty Academy follows.
| 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.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,500 |
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.
Did You Know?
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.