by our College Data Analytics TeamHere you will find what students actually borrow to attend Glitz School of Cosmetology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Glitz School of Cosmetology, 74% of freshmen borrow to help pay for their first year, borrowing on average $7,125 per borrower, covering both private and federal loans.
On the federal side, the average loan is $7,125. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Glitz School of Cosmetology, 87% finance part of their studies with federal loans, averaging $5,777 each per year. That amounts to 18.9% under the freshman federal average of $7,125.
Carrying that yearly figure forward comes to roughly $11,554 by year two and around $23,108 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 87% |
| Average federal loan per year | $5,777 |
| Undergraduates with a federal loan | 160 |
| Total federal loans (one year) | $924,309 |
The median student at Glitz School of Cosmetology borrows $7,307 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,307 |
| Students who completed (graduates) | $7,999 |
| 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 figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Glitz School of Cosmetology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $7,000 |
The indicators below describe what the typical debt costs to pay back at Glitz School of Cosmetology.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,307 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,307 |
| Continuing-generation students | $7,307 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,155 |
| Independent students | $7,307 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Glitz School of Cosmetology.
Subsidized and 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.
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.