by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-Augusta, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Empire Beauty School-Augusta specifically, 75% of incoming students take out a loan to help cover first-year costs, for an average of $8,564 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $8,564. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Empire Beauty School-Augusta, 57% take out federal student loans, with a mean of $8,428 each per year. This works out to 1.6% less than the $8,564 freshmen take on.
Borrowing the same amount each year would add up to roughly $16,856 across two years and $33,712 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $8,428 |
| Undergraduates with a federal loan | 79 |
| Total federal loans (one year) | $665,779 |
The median student at Empire Beauty School-Augusta borrows $7,851 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,851 |
| Students who completed (graduates) | $10,667 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Empire Beauty School-Augusta.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,322 |
| 90th percentile (highest-debt students) | $14,604 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Augusta.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Empire Beauty School-Augusta.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 465 | $6,605 |
| Completed (graduates) | 270 | $7,460 |
| Did not complete | 195 | $4,968 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $88.71/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Augusta.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 443 | $6,694 |
| No Stafford loan this year | 22 | $4,672 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Augusta.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Empire Beauty School-Augusta appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.9% |
| Borrowers in the cohort | 316 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
| Middle income | $7,972 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $7,917 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-Augusta.
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.