by our College Data Analytics TeamThis page focuses on the debt students take on to attend Durant Institute of Hair Design: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Durant Institute of Hair Design, 88% of incoming students take out a loan to help cover first-year costs, at roughly $8,600 per borrower, covering both private and federal loans.
Federal loans alone average $8,600. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Durant Institute of Hair Design, 38% take out federal student loans, at an average of $8,600 in federal loans per year.
Repeating that yearly amount projects to about $17,200 in two years and roughly $34,400 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $8,600 |
| Undergraduates with a federal loan | 22 |
| Total federal loans (one year) | $189,200 |
The median student at Durant Institute of Hair Design borrows $6,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
The indicators below describe what the typical debt costs to pay back at Durant Institute of Hair Design.
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.
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.