by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Empire Beauty School-Shamokin Dam, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Empire Beauty School-Shamokin Dam specifically, 59% of incoming students take out a loan to help cover first-year costs, for an average of $7,646 each — a figure that counts both private and federal student loans.
Federal loans alone average $7,646. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Empire Beauty School-Shamokin Dam, freshmen included, 51% use federal student loans to help pay for their education, averaging $7,689 in federal loans per year. That amounts to 0.6% more than the $7,646 freshmen take on.
At a steady annual pace, that totals around $15,378 by year two and around $30,756 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $7,689 |
| Undergraduates with a federal loan | 56 |
| Total federal loans (one year) | $430,600 |
The middle borrower at Empire Beauty School-Shamokin Dam owes $8,028 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,028 |
| 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-Shamokin Dam.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,252 |
| 90th percentile (highest-debt students) | $13,700 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Empire Beauty School-Shamokin Dam.
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-Shamokin Dam.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 349 | $5,493 |
| Completed (graduates) | 187 | $8,038 |
| Did not complete | 162 | $4,126 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $95.58/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-Shamokin Dam.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 332 | — |
| No Stafford loan | 17 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 324 | $6,294 |
| No Stafford loan this year | 25 | $4,212 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Shamokin Dam.
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-Shamokin Dam is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 327 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,955 |
| Middle income | $8,028 |
| High income | $8,025 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $8,028 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Empire Beauty School-Shamokin Dam.
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
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.