by our College Data Analytics TeamThis page focuses on the debt students take on to attend Empire Beauty School-Winston-Salem, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Empire Beauty School-Winston-Salem, 63% of freshmen borrow to help pay for their first year, averaging $7,519 each, across private and federal loan sources.
Federal loans alone average $7,519. 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.
Across the full undergraduate body at Empire Beauty School-Winston-Salem (freshmen included), 61% use federal student loans to help pay for their education, at an average of $8,297 in federal loans per year. That amounts to 10.3% larger than the $7,519 typical freshmen borrow.
At a steady annual pace, that totals around $16,594 across two years and $33,188 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $8,297 |
| Undergraduates with a federal loan | 80 |
| Total federal loans (one year) | $663,750 |
Graduating and withdrawing students at Empire Beauty School-Winston-Salem carry a median federal debt of $6,756 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,756 |
| Students who completed (graduates) | $10,667 |
| 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-Winston-Salem.
| 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 |
How wide this percentile range is tells you how much borrowing varies across students at Empire Beauty School-Winston-Salem.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Empire Beauty School-Winston-Salem.
| 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-Winston-Salem.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 355 | — |
| No Stafford loan | 11 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 337 | $6,428 |
| No Stafford loan this year | 29 | $5,546 |
The indicators below describe what the typical debt costs to pay back at Empire Beauty School-Winston-Salem.
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-Winston-Salem appears below.
| 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.
Borrowing by Income Tier
| 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 |
By Dependency Status
| 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-Winston-Salem.
Subsidized vs. 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
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.