by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Speedway: 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.
Looking at the entering class at Empire Beauty School-Speedway, 68% of incoming undergraduates borrow in year one, for an average of $8,100 per borrower, covering both private and federal loans.
The typical federal loan comes to $8,100. 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.
Across the full undergraduate body at Empire Beauty School-Speedway (freshmen included), 54% use federal student loans to help pay for their education, at an average of $7,658 in federal loans per year. This is 5.5% less than the freshman federal average of $8,100.
At a steady annual pace, that totals around $15,316 over two years and about $30,632 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 | 54% |
| Average federal loan per year | $7,658 |
| Undergraduates with a federal loan | 164 |
| Total federal loans (one year) | $1,255,854 |
The median student at Empire Beauty School-Speedway borrows $7,050 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,050 |
| Students who completed (graduates) | $13,583 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Empire Beauty School-Speedway.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,803 |
| 90th percentile (highest-debt students) | $15,322 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Empire Beauty School-Speedway.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Empire Beauty School-Speedway.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 370 | $6,689 |
| Completed (graduates) | 196 | $8,974 |
| Did not complete | 174 | $4,813 |
On a standard 10-year plan, the median completing borrower would pay about $106.71/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-Speedway.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 356 | — |
| No Stafford loan | 14 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 330 | $6,860 |
| No Stafford loan this year | 40 | $4,379 |
These figures turn the debt totals into a monthly repayment picture for Empire Beauty School-Speedway.
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-Speedway is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.5% |
| Borrowers in the cohort | 200 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $8,028 |
| High income | $8,028 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,010 |
| Continuing-generation students | $7,740 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,023 |
| Independent students | $6,393 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Empire Beauty School-Speedway.
The Difference Between Subsidized and 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.
Important to Remember
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.