by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ea La Mar’s Cosmetology & Barber College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Ea La Mar’s Cosmetology & Barber College, 56% of first-year students take on loan debt, at roughly $8,567 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $8,567. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Ea La Mar’s Cosmetology & Barber College, 63% borrow through federal student loan programs, borrowing on average $8,027 in federal loans per year. It comes to 6.3% lower than the first-year federal average of $8,567.
Borrowing at that rate every year works out to about $16,054 across two years and $32,108 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $8,027 |
| Undergraduates with a federal loan | 26 |
| Total federal loans (one year) | $208,694 |
The median student at Ea La Mar’s Cosmetology & Barber College borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $11,960 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Ea La Mar’s Cosmetology & Barber College.
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.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.