by our College Data Analytics TeamHere you will find what students actually borrow to attend Hillsdale Beauty College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Hillsdale Beauty College, 77% of freshmen borrow to help pay for their first year, borrowing on average $5,360 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,124, or about 93.2% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Hillsdale Beauty College, freshmen included, 76% finance part of their studies with federal loans, at an average of $5,491 annually. This is 7.2% above the $5,124 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $10,982 after two years and $21,964 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $5,491 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $159,240 |
The middle borrower at Hillsdale Beauty College owes $9,064 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,064 |
| Students who completed (graduates) | $9,377 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hillsdale Beauty College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Hillsdale Beauty College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.6% |
| Borrowers in the cohort | 17 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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?
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.