by our College Data Analytics TeamThis page focuses on the debt students take on to attend Elite School of Cosmetology— 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.
Among first-year students at Elite School of Cosmetology, 63% of incoming students take out a loan to help cover first-year costs, borrowing on average $4,220 per borrower, covering both private and federal loans.
The average federal loan is $4,220, amounting to 76.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Elite School of Cosmetology, 53% take out federal student loans, borrowing on average $4,404 a year. It comes to 4.4% above the $4,220 typical freshmen borrow.
At a steady annual pace, that totals around $8,808 in two years and roughly $17,616 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 | 53% |
| Average federal loan per year | $4,404 |
| Undergraduates with a federal loan | 177 |
| Total federal loans (one year) | $779,540 |
The median student at Elite School of Cosmetology borrows $4,806 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,806 |
| Students who completed (graduates) | $7,412 |
| Students who withdrew | $3,126 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Elite School of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $18,125 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Elite School of Cosmetology.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,610 |
| Independent students | $5,024 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Elite School of Cosmetology.
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.