by our College Data Analytics TeamHere you will find what students actually borrow to attend Educators of Beauty College of Cosmetology-Sterling— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Educators of Beauty College of Cosmetology-Sterling, 85% of first-year students take on loan debt, for an average of $6,885 per student, private and federal loans combined.
The average federally funded loan is $6,885. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Educators of Beauty College of Cosmetology-Sterling, freshmen included, 70% take out federal student loans, at an average of $8,012 annually. That amounts to 16.4% larger than the $6,885 borrowed by freshmen.
At a steady annual pace, that totals around $16,024 over two years and about $32,048 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 | 70% |
| Average federal loan per year | $8,012 |
| Undergraduates with a federal loan | 59 |
| Total federal loans (one year) | $472,682 |
The median student at Educators of Beauty College of Cosmetology-Sterling borrows $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-Sterling.
| 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Educators of Beauty College of Cosmetology-Sterling.
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-Sterling.
| 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-Sterling.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Educators of Beauty College of Cosmetology-Sterling appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.9% |
| Borrowers in the cohort | 121 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,673 |
| High income | $9,830 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,738 |
| Independent students | $11,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Educators of Beauty College of Cosmetology-Sterling.
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.