by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hollywood Institute of Beauty Careers-Casselberry, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Hollywood Institute of Beauty Careers-Casselberry specifically, 35% of first-year students take on loan debt, at roughly $5,164 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,164, equal to roughly 93.9% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Hollywood Institute of Beauty Careers-Casselberry, 44% finance part of their studies with federal loans, averaging $4,872 a year. This is 5.7% smaller than the $5,164 borrowed by freshmen.
Borrowing at that rate every year works out to about $9,744 over two years and about $19,488 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $4,872 |
| Undergraduates with a federal loan | 248 |
| Total federal loans (one year) | $1,208,234 |
The middle borrower at Hollywood Institute of Beauty Careers-Casselberry owes $6,105 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,105 |
| Students who completed (graduates) | $6,199 |
| Students who withdrew | $4,456 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Hollywood Institute of Beauty Careers-Casselberry.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,054 |
| 25th percentile | $4,555 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $12,192 |
How wide this percentile range is tells you how much borrowing varies across students at Hollywood Institute of Beauty Careers-Casselberry.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Hollywood Institute of Beauty Careers-Casselberry.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 173 | $3,289 |
| Completed (graduates) | 114 | $3,557 |
| Did not complete | 59 | $3,078 |
On a standard 10-year plan, the median completing borrower would pay about $42.3/mo.
Federal data lets us separate Stafford borrowers from the rest at Hollywood Institute of Beauty Careers-Casselberry.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 163 | — |
| No Stafford loan this year | 10 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hollywood Institute of Beauty Careers-Casselberry.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Hollywood Institute of Beauty Careers-Casselberry follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 149 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,105 |
| Middle income | $6,128 |
| High income | $4,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,105 |
| Continuing-generation students | $6,116 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,803 |
| Independent students | $6,120 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Hollywood Institute of Beauty Careers-Casselberry.
Subsidized and 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.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.