by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Jupiter Beauty Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Jupiter Beauty Academy, 2% of incoming students take out a loan to help cover first-year costs, with a typical loan of $3,500 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $3,500, representing 63.6% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Jupiter Beauty Academy, 9% take out federal student loans, for a typical $4,589 in federal loans per year. This is 31.1% larger than the $3,500 freshmen take on.
Repeating that yearly amount projects to about $9,178 over two years and about $18,356 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 | 9% |
| Average federal loan per year | $4,589 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $188,159 |
The middle borrower at Jupiter Beauty Academy owes $2,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $2,333 |
The indicators below describe what the typical debt costs to pay back at Jupiter Beauty Academy.
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.
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.