by our College Data Analytics TeamHere you will find what students actually borrow to attend Hays Academy of Hair Design, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Hays Academy of Hair Design, 46% of incoming students take out a loan to help cover first-year costs, for an average of $7,829 each, across private and federal loan sources.
The average federally funded loan is $7,829. That sits at or beyond the $5,500 first-year federal limit 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 Hays Academy of Hair Design (freshmen included), 45% borrow through federal student loan programs, averaging $7,930 each per year. This works out to 1.3% higher than the $7,829 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,860 after two years and $31,720 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $7,930 |
| Undergraduates with a federal loan | 59 |
| Total federal loans (one year) | $467,841 |
Graduating and withdrawing students at Hays Academy of Hair Design carry a median federal debt of $9,833 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,125 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Hays Academy of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,604 |
| 25th percentile | $5,563 |
| 75th percentile | $11,729 |
| 90th percentile (highest-debt students) | $13,783 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Hays Academy of Hair Design.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Hays Academy of Hair Design.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 26 | $6,450 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hays Academy of Hair Design.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Hays Academy of Hair Design is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 54 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Hays Academy of Hair Design.
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.
Did You Know?
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.