by our College Data Analytics TeamThis page focuses on the debt students take on to attend Collectiv Hair Dressing Academy-Collectiv Academy-Dallas, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Collectiv Hair Dressing Academy-Collectiv Academy-Dallas, 79% of new students use loans toward freshman-year expenses, for an average of $7,261 per borrower, covering both private and federal loans.
On the federal side, the average loan is $7,261. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Collectiv Hair Dressing Academy-Collectiv Academy-Dallas, 72% borrow through federal student loan programs, at an average of $7,051 a year. It comes to 2.9% smaller than the first-year federal average of $7,261.
At a steady annual pace, that totals around $14,102 over two years and about $28,204 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $7,051 |
| Undergraduates with a federal loan | 287 |
| Total federal loans (one year) | $2,023,577 |
Graduating and withdrawing students at Collectiv Hair Dressing Academy-Collectiv Academy-Dallas carry a median federal debt of $9,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,000 |
| Students who completed (graduates) | $10,540 |
These figures turn the debt totals into a monthly repayment picture for Collectiv Hair Dressing Academy-Collectiv Academy-Dallas.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Collectiv Hair Dressing Academy-Collectiv Academy-Dallas appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.3% |
| Borrowers in the cohort | 17 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,400 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,964 |
| Independent students | $9,700 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Collectiv Hair Dressing Academy-Collectiv Academy-Dallas.
The Difference Between 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.
Did You Know?
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.