by our College Data Analytics TeamThis page focuses on the debt students take on to attend J Michael Harrold Beauty Academy: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Harrold Beauty Academy, 68% of first-year students take on loan debt, borrowing on average $5,227 each, across private and federal loan sources.
The average federally funded loan is $5,227, representing 95.0% of the $5,500 cap on first-year federal borrowing for the 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.
Among all degree-seeking undergrads at Harrold Beauty Academy, 68% borrow through federal student loan programs, averaging $5,180 per year. This works out to 0.9% below the freshman federal average of $5,227.
At a steady annual pace, that totals around $10,360 over two years and about $20,720 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $5,180 |
| Undergraduates with a federal loan | 107 |
| Total federal loans (one year) | $554,254 |
The median student at Harrold Beauty Academy borrows $5,719 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,719 |
| Students who completed (graduates) | $6,650 |
| Students who withdrew | $5,350 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Harrold Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,568 |
| 75th percentile | $9,950 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Harrold Beauty Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 26 | $8,159 |
The indicators below describe what the typical debt costs to pay back at Harrold Beauty Academy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Harrold Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.9% |
| Borrowers in the cohort | 55 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,650 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,650 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Harrold Beauty Academy.
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.