by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-Charlotte— 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-Charlotte, 68% of first-year students take on loan debt, borrowing on average $8,523 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $8,523. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Empire Beauty School-Charlotte, 66% finance part of their studies with federal loans, averaging $8,491 each per year. This works out to 0.4% less than the $8,523 typical freshmen borrow.
At a steady annual pace, that totals around $16,982 by year two and around $33,964 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $8,491 |
| Undergraduates with a federal loan | 95 |
| Total federal loans (one year) | $806,633 |
Graduating and withdrawing students at Empire Beauty School-Charlotte 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 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Empire Beauty School-Charlotte.
| 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-Charlotte.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Empire Beauty School-Charlotte.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 385 | $5,000 |
| Completed (graduates) | 200 | $6,811 |
| Did not complete | 185 | $4,181 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $80.99/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-Charlotte.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 368 | — |
| No Stafford loan | 17 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 352 | $5,000 |
| No Stafford loan this year | 33 | $3,838 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Empire Beauty School-Charlotte.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Empire Beauty School-Charlotte follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.6% |
| Borrowers in the cohort | 900 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,222 |
| High income | $6,152 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,925 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Empire Beauty School-Charlotte.
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.
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.