by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Continental School of Beauty Culture, Mattydale— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Continental School of Beauty Culture, Mattydale, 84% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,486 per student, private and federal loans combined.
The average federally funded loan is $6,486. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Continental School of Beauty Culture, Mattydale, freshmen included, 68% take out federal student loans, for a typical $5,940 in federal loans per year. That is 8.4% less than the freshman federal average of $6,486.
At a steady annual pace, that totals around $11,880 over two years and about $23,760 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $5,940 |
| Undergraduates with a federal loan | 201 |
| Total federal loans (one year) | $1,193,914 |
The middle borrower at Continental School of Beauty Culture, Mattydale owes $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,221 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Continental School of Beauty Culture, Mattydale.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,667 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Continental School of Beauty Culture, Mattydale.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Continental School of Beauty Culture, Mattydale.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 151 | $6,558 |
| Completed (graduates) | 127 | $6,811 |
| Did not complete | 24 | $3,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $80.99/mo.
The indicators below describe what the typical debt costs to pay back at Continental School of Beauty Culture, Mattydale.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Continental School of Beauty Culture, Mattydale follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.5% |
| Borrowers in the cohort | 462 |
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 | $6,333 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,207 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,089 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Continental School of Beauty Culture, Mattydale.
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.
Worth Knowing
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.