by our College Data Analytics TeamThis page focuses on the debt students take on to attend Elite Cosmetology, Barber & Spa Academy, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Elite CBS Academy specifically, 92% of incoming students take out a loan to help cover first-year costs, at roughly $8,493 per borrower, covering both private and federal loans.
The typical federal loan comes to $8,493. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Elite CBS Academy, freshmen included, 92% take out federal student loans, with a mean of $8,346 each per year. It comes to 1.7% smaller than the freshman federal average of $8,493.
Repeating that yearly amount projects to about $16,692 over two years and about $33,384 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 92% |
| Average federal loan per year | $8,346 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $709,430 |
The middle borrower at Elite CBS Academy owes $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $6,966 |
| Students who withdrew | $3,959 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Repayment burden translates the debt figures into what a borrower actually pays each month. Elite CBS Academy.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,060 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,583 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Elite CBS Academy.
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?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.