by our College Data Analytics TeamHere you will find what students actually borrow to attend Empire Beauty School-Cherry Hill: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Empire Beauty School-Cherry Hill specifically, 59% of new students use loans toward freshman-year expenses, averaging $8,443 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $8,443. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Empire Beauty School-Cherry Hill, 59% rely on federal student loans toward their education, at an average of $8,342 each per year. That is 1.2% under the freshman federal average of $8,443.
Carrying that yearly figure forward comes to roughly $16,684 after two years and $33,368 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 | 59% |
| Average federal loan per year | $8,342 |
| Undergraduates with a federal loan | 126 |
| Total federal loans (one year) | $1,051,115 |
Graduating and withdrawing students at Empire Beauty School-Cherry Hill carry a median federal debt of $6,756 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,756 |
| 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.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Empire Beauty School-Cherry Hill.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,771 |
| 90th percentile (highest-debt students) | $15,051 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Empire Beauty School-Cherry Hill.
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-Cherry Hill.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 366 | $6,247 |
| Completed (graduates) | 200 | $7,471 |
| Did not complete | 166 | $5,254 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $88.84/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Cherry Hill.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 355 | — |
| No Stafford loan | 11 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 337 | $6,428 |
| No Stafford loan this year | 29 | $5,546 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Empire Beauty School-Cherry Hill.
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-Cherry Hill follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.0% |
| Borrowers in the cohort | 236 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,638 |
| Middle income | $7,334 |
| High income | $7,389 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,646 |
| Continuing-generation students | $7,389 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,389 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-Cherry Hill.
Subsidized vs. Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.