by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Bloomfield— 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 Empire Beauty School-Bloomfield, 71% of new students use loans toward freshman-year expenses, averaging $7,942 per student, private and federal loans combined.
On the federal side, the average loan is $7,942. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Empire Beauty School-Bloomfield (freshmen included), 64% use federal student loans to help pay for their education, at an average of $8,176 annually. It comes to 2.9% greater than the $7,942 typical freshmen borrow.
At a steady annual pace, that totals around $16,352 over two years and about $32,704 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $8,176 |
| Undergraduates with a federal loan | 141 |
| Total federal loans (one year) | $1,152,834 |
Graduating and withdrawing students at Empire Beauty School-Bloomfield carry a median federal debt of $7,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Empire Beauty School-Bloomfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,120 |
| 90th percentile (highest-debt students) | $15,720 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Empire Beauty School-Bloomfield.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Bloomfield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 309 | $6,761 |
| Completed (graduates) | 153 | $8,210 |
| Did not complete | 156 | $4,875 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $97.63/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Empire Beauty School-Bloomfield.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 297 | — |
| No Stafford loan | 12 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 287 | $6,932 |
| No Stafford loan this year | 22 | $2,053 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Bloomfield.
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-Bloomfield is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 337 |
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 | $7,212 |
| Middle income | $7,667 |
| High income | $9,617 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $9,173 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,646 |
| Independent students | $8,437 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Empire Beauty School-Bloomfield.
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
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.