by our College Data Analytics TeamThis page focuses on the debt students take on to attend Enid Beauty College, 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 Enid Beauty College, 62% of incoming students take out a loan to help cover first-year costs, for an average of $3,834 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $3,834, equal to roughly 69.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Enid Beauty College, 66% borrow through federal student loan programs, for a typical $5,086 a year. That is 32.7% greater than the $3,834 freshmen take on.
Carrying that yearly figure forward comes to roughly $10,172 over two years and about $20,344 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $5,086 |
| Undergraduates with a federal loan | 48 |
| Total federal loans (one year) | $244,105 |
The middle borrower at Enid Beauty College owes $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Enid Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,000 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Enid Beauty College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Enid Beauty College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 53 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
Important to Remember
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.