by our College Data Analytics TeamHere you will find what students actually borrow to attend Evans Hairstyling College-Rexburg: 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 Evans Hairstyling College-Rexburg, 26% of incoming students take out a loan to help cover first-year costs, with a typical loan of $5,668 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $5,668. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Evans Hairstyling College-Rexburg (freshmen included), 36% finance part of their studies with federal loans, with a mean of $5,884 in federal loans per year. This is 3.8% greater than the $5,668 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $11,768 in two years and roughly $23,536 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 36% |
| Average federal loan per year | $5,884 |
| Undergraduates with a federal loan | 28 |
| Total federal loans (one year) | $164,743 |
The middle borrower at Evans Hairstyling College-Rexburg owes $6,600 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,600 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Evans Hairstyling College-Rexburg.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,500 |
| 75th percentile | $10,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Evans Hairstyling College-Rexburg.
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 Evans Hairstyling College-Rexburg is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 15 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized vs. 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
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.