by our College Data Analytics TeamHere you will find what students actually borrow to attend French Academy of Cosmetology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at French Academy of Cosmetology, 38% of incoming undergraduates borrow in year one, for an average of $4,917 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $4,917, or about 89.4% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at French Academy of Cosmetology, freshmen included, 42% finance part of their studies with federal loans, at an average of $5,993 a year. It comes to 21.9% above the freshman federal average of $4,917.
Borrowing the same amount each year would add up to roughly $11,986 across two years and $23,972 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 42% |
| Average federal loan per year | $5,993 |
| Undergraduates with a federal loan | 40 |
| Total federal loans (one year) | $239,705 |
Graduating and withdrawing students at French Academy of Cosmetology carry a median federal debt of $4,223 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,223 |
| Students who completed (graduates) | $4,223 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for French Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,125 |
| 75th percentile | $8,112 |
The indicators below describe what the typical debt costs to pay back at French Academy of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for French Academy of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.3% |
| 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.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,223 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,208 |
| Independent students | $4,223 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at French Academy of Cosmetology.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.