by our College Data Analytics TeamThis page focuses on the debt students take on to attend Educators of Beauty College of Cosmetology-Rockford, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Educators of Beauty College of Cosmetology-Rockford, 78% of new students use loans toward freshman-year expenses, for an average of $5,724 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,724. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Educators of Beauty College of Cosmetology-Rockford (freshmen included), 64% rely on federal student loans toward their education, averaging $6,908 each per year. This works out to 20.7% greater than the $5,724 typical freshmen borrow.
Repeating that yearly amount projects to about $13,816 over two years and about $27,632 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 | 64% |
| Average federal loan per year | $6,908 |
| Undergraduates with a federal loan | 98 |
| Total federal loans (one year) | $676,962 |
Graduating and withdrawing students at Educators of Beauty College of Cosmetology-Rockford carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Educators of Beauty College of Cosmetology-Rockford.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $11,949 |
| 90th percentile (highest-debt students) | $13,853 |
How wide this percentile range is tells you how much borrowing varies across students at Educators of Beauty College of Cosmetology-Rockford.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Educators of Beauty College of Cosmetology-Rockford.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 22 | $8,906 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Educators of Beauty College of Cosmetology-Rockford.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Educators of Beauty College of Cosmetology-Rockford follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.9% |
| Borrowers in the cohort | 121 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,673 |
| High income | $9,830 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,738 |
| Independent students | $11,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Educators of Beauty College of Cosmetology-Rockford.
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.
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.