by our College Data Analytics TeamThis page focuses on the debt students take on to attend The Hair Academy LLC: 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.
At The Hair Academy LLC specifically, 60% of first-year students take on loan debt, averaging $5,667 per student, private and federal loans combined.
The average federally funded loan is $5,667. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at The Hair Academy LLC, 59% use federal student loans to help pay for their education, with a mean of $4,713 per year. It comes to 16.8% under the freshman federal average of $5,667.
Borrowing at that rate every year works out to about $9,426 after two years and $18,852 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $4,713 |
| Undergraduates with a federal loan | 70 |
| Total federal loans (one year) | $329,891 |
The median student at The Hair Academy LLC borrows $6,740 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,740 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $3,600 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 The Hair Academy LLC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
These figures turn the debt totals into a monthly repayment picture for The Hair Academy LLC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for The Hair Academy LLC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.8% |
| Borrowers in the cohort | 47 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,950 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,005 |
| Independent students | $7,100 |
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.