by our College Data Analytics TeamHere you will find what students actually borrow to attend Creative Images Institute of Cosmetology, North Dayton— 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 Creative Images Institute of Cosmetology, North Dayton, 58% of freshmen borrow to help pay for their first year, at roughly $5,826 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,826. That is at or past the $5,500 federal first-year limit 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.
For undergraduates overall at Creative Images Institute of Cosmetology, North Dayton, 61% finance part of their studies with federal loans, at an average of $4,821 in federal loans per year. That amounts to 17.3% below the first-year federal average of $5,826.
Borrowing at that rate every year works out to about $9,642 over two years and about $19,284 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $4,821 |
| Undergraduates with a federal loan | 215 |
| Total federal loans (one year) | $1,036,589 |
The middle borrower at Creative Images Institute of Cosmetology, North Dayton owes $9,149 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,149 |
| Students who completed (graduates) | $9,731 |
| Students who withdrew | $3,787 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Creative Images Institute of Cosmetology, North Dayton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $10,309 |
| 90th percentile (highest-debt students) | $14,621 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Creative Images Institute of Cosmetology, North Dayton.
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 Creative Images Institute of Cosmetology, North Dayton.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 53 | $7,791 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Creative Images Institute of Cosmetology, North Dayton.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Creative Images Institute of Cosmetology, North Dayton appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.5% |
| Borrowers in the cohort | 199 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,109 |
| Middle income | $9,500 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,823 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,918 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Creative Images Institute of Cosmetology, North Dayton.
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
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.