by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-Aurora: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Empire Beauty School-Aurora, 51% of incoming undergraduates borrow in year one, with a typical loan of $7,792 per student, private and federal loans combined.
The average federally funded loan is $7,792. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Empire Beauty School-Aurora (freshmen included), 44% finance part of their studies with federal loans, at an average of $8,150 each per year. It comes to 4.6% more than the freshman federal average of $7,792.
At a steady annual pace, that totals around $16,300 by year two and around $32,600 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $8,150 |
| Undergraduates with a federal loan | 60 |
| Total federal loans (one year) | $489,010 |
Graduating and withdrawing students at Empire Beauty School-Aurora carry a median federal debt of $6,222 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,222 |
| 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.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Empire Beauty School-Aurora.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,274 |
| 90th percentile (highest-debt students) | $12,953 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Aurora.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Aurora.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 385 | $5,000 |
| Completed (graduates) | 200 | $6,811 |
| Did not complete | 185 | $4,181 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $80.99/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Aurora.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 368 | — |
| No Stafford loan | 17 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 352 | $5,000 |
| No Stafford loan this year | 33 | $3,838 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Aurora.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Empire Beauty School-Aurora is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.6% |
| Borrowers in the cohort | 900 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,222 |
| High income | $6,152 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,925 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-Aurora.
Subsidized vs. 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.