by our College Data Analytics TeamBelow is federal data on the loans students use to pay for California Beauty School, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at California Beauty School, 75% of freshmen borrow to help pay for their first year, borrowing on average $4,956 per borrower, covering both private and federal loans.
On the federal side, the average loan is $4,956, which is 90.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at California Beauty School, 65% rely on federal student loans toward their education, with a mean of $5,183 in federal loans per year. That amounts to 4.6% more than the freshman federal average of $4,956.
Repeating that yearly amount projects to about $10,366 over two years and about $20,732 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 | 65% |
| Average federal loan per year | $5,183 |
| Undergraduates with a federal loan | 135 |
| Total federal loans (one year) | $699,674 |
The middle borrower at California Beauty School owes $4,369 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,369 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for California Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,037 |
| 25th percentile | $3,666 |
| 75th percentile | $10,556 |
| 90th percentile (highest-debt students) | $13,665 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at California Beauty School.
Repayment burden translates the debt figures into what a borrower actually pays each month. California Beauty School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for California Beauty School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.9% |
| Borrowers in the cohort | 26 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,551 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,000 |
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.