by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Florence, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Empire Beauty School-Florence, 56% of first-year students take on loan debt, for an average of $7,755 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,755. That sits at or beyond the $5,500 first-year federal limit 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-Florence, 53% finance part of their studies with federal loans, averaging $8,049 each per year. That amounts to 3.8% above the $7,755 typical freshmen borrow.
Repeating that yearly amount projects to about $16,098 by year two and around $32,196 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 | 53% |
| Average federal loan per year | $8,049 |
| Undergraduates with a federal loan | 110 |
| Total federal loans (one year) | $885,374 |
Graduating and withdrawing students at Empire Beauty School-Florence carry a median federal debt of $7,667 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $13,000 |
| 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-Florence.
| 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-Florence.
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-Florence.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 309 | $6,761 |
| Completed (graduates) | 153 | $8,210 |
| Did not complete | 156 | $4,875 |
On a standard 10-year plan, the median completing borrower would pay about $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-Florence.
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 |
The indicators below describe what the typical debt costs to pay back at Empire Beauty School-Florence.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Empire Beauty School-Florence follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 337 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,212 |
| Middle income | $7,667 |
| High income | $9,617 |
By First-Generation Status
| 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-Florence.
The Difference Between 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.