by our College Data Analytics TeamThis page focuses on the debt students take on to attend Cosmetology & Spa Academy, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Cosmetology & Spa Academy specifically, 85% of new students use loans toward freshman-year expenses, for an average of $7,540 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $7,540. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Cosmetology & Spa Academy, 66% finance part of their studies with federal loans, borrowing on average $8,310 a year. That is 10.2% larger than the freshman federal average of $7,540.
Carrying that yearly figure forward comes to roughly $16,620 by year two and around $33,240 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $8,310 |
| Undergraduates with a federal loan | 472 |
| Total federal loans (one year) | $3,922,447 |
The middle borrower at Cosmetology & Spa Academy owes $7,917 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| 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 Cosmetology & Spa Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $12,314 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Cosmetology & Spa Academy.
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 Cosmetology & Spa Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 54 | $9,634 |
The indicators below describe what the typical debt costs to pay back at Cosmetology & Spa Academy.
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 Cosmetology & Spa Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 107 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,792 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Cosmetology & Spa Academy.
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.
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.