by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Design’s School of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Design’s School of Cosmetology, 62% of new students use loans toward freshman-year expenses, borrowing on average $4,090 per student, private and federal loans combined.
The average federal loan is $4,090, amounting to 74.4% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Design’s School of Cosmetology, 51% borrow through federal student loan programs, at an average of $4,281 in federal loans per year. That is 4.7% above the $4,090 borrowed by freshmen.
At a steady annual pace, that totals around $8,562 by year two and around $17,124 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 | 51% |
| Average federal loan per year | $4,281 |
| Undergraduates with a federal loan | 91 |
| Total federal loans (one year) | $389,605 |
The middle borrower at Design’s School of Cosmetology 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 | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Design’s School of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,666 |
| 75th percentile | $8,900 |
| 90th percentile (highest-debt students) | $10,556 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Design’s School of Cosmetology.
Repayment burden translates the debt figures into what a borrower actually pays each month. Design’s School of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Design’s School of Cosmetology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.3% |
| Borrowers in the cohort | 98 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,328 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Design’s School of Cosmetology.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.