by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Vernon Hills, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Empire Beauty School-Vernon Hills, 53% of incoming undergraduates borrow in year one, with a typical loan of $7,128 per student, private and federal loans combined.
The typical federal loan comes to $7,128. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Empire Beauty School-Vernon Hills, freshmen included, 51% finance part of their studies with federal loans, with a mean of $7,616 per year. This is 6.8% larger than the first-year federal average of $7,128.
Borrowing the same amount each year would add up to roughly $15,232 by year two and around $30,464 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $7,616 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $342,702 |
Graduating and withdrawing students at Empire Beauty School-Vernon Hills carry a median federal debt of $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 |
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-Vernon Hills.
| 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-Vernon Hills.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Vernon Hills.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 370 | $6,689 |
| Completed (graduates) | 196 | $8,974 |
| Did not complete | 174 | $4,813 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $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-Vernon Hills.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 356 | — |
| No Stafford loan | 14 | — |
Borrowers With a Stafford Loan This Year
| 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-Vernon Hills.
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-Vernon Hills appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.5% |
| Borrowers in the cohort | 200 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $6,333 |
| 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 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Empire Beauty School-Vernon Hills.
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.