by our College Data Analytics TeamHere you will find what students actually borrow to attend Career Academy of Hair Design: 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.
For incoming students at Career Academy of Hair Design, 56% of incoming students take out a loan to help cover first-year costs, with a typical loan of $4,280 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,280, which is 77.8% 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.
For undergraduates overall at Career Academy of Hair Design, 60% finance part of their studies with federal loans, borrowing on average $6,177 annually. This is 44.3% higher than the $4,280 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,354 after two years and $24,708 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,177 |
| Undergraduates with a federal loan | 229 |
| Total federal loans (one year) | $1,414,494 |
Graduating and withdrawing students at Career Academy of Hair Design carry a median federal debt of $5,531 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,531 |
| Students who completed (graduates) | $6,365 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Career Academy of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,915 |
| 25th percentile | $4,544 |
| 75th percentile | $9,855 |
| 90th percentile (highest-debt students) | $15,923 |
How wide this percentile range is tells you how much borrowing varies across students at Career Academy of Hair Design.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Career Academy of Hair Design.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 25 | $5,883 |
The indicators below describe what the typical debt costs to pay back at Career Academy of Hair Design.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Career Academy of Hair Design follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.7% |
| Borrowers in the cohort | 181 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,481 |
| High income | $5,857 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,511 |
| Continuing-generation students | $6,349 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,530 |
| Independent students | $6,365 |
Federal data publishes the following gap measures for Career Academy of Hair Design.
Subsidized vs. 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
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.