by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Morrow: 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.
Among first-year students at Empire Beauty School-Morrow, 60% of incoming students take out a loan to help cover first-year costs, averaging $8,254 each — a figure that counts both private and federal student loans.
The average federally funded loan is $8,254. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Empire Beauty School-Morrow (freshmen included), 54% borrow through federal student loan programs, borrowing on average $8,374 annually. This works out to 1.5% greater than the freshman federal average of $8,254.
Carrying that yearly figure forward comes to roughly $16,748 after two years and $33,496 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $8,374 |
| Undergraduates with a federal loan | 215 |
| Total federal loans (one year) | $1,800,433 |
Graduating and withdrawing students at Empire Beauty School-Morrow carry a median federal debt of $6,756 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,756 |
| Students who completed (graduates) | $10,667 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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-Morrow.
| 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 spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Empire Beauty School-Morrow.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Empire Beauty School-Morrow.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 366 | $6,247 |
| Completed (graduates) | 200 | $7,471 |
| Did not complete | 166 | $5,254 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $88.84/mo.
Federal data lets us separate Stafford borrowers from the rest at Empire Beauty School-Morrow.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 355 | — |
| No Stafford loan | 11 | — |
Borrowers With a Stafford Loan This Year
| 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-Morrow.
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-Morrow follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.0% |
| Borrowers in the cohort | 236 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,638 |
| Middle income | $7,334 |
| High income | $7,389 |
First-Generation Comparison
| 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 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Empire Beauty School-Morrow.
The Difference Between 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.
Did You Know?
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.