by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Kenneth Shuler School of Cosmetology-Goose Creek— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Kenneth Shuler School of Cosmetology, 77% of incoming students take out a loan to help cover first-year costs, averaging $6,247 per borrower, covering both private and federal loans.
The typical federal loan comes to $6,247. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Kenneth Shuler School of Cosmetology, freshmen included, 63% rely on federal student loans toward their education, for a typical $6,175 per year. This is 1.2% less than the first-year federal average of $6,247.
At a steady annual pace, that totals around $12,350 across two years and $24,700 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $6,175 |
| Undergraduates with a federal loan | 170 |
| Total federal loans (one year) | $1,049,819 |
The middle borrower at Kenneth Shuler School of Cosmetology owes $5,775 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,775 |
| Students who completed (graduates) | $5,858 |
| Students who withdrew | $4,704 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Kenneth Shuler School of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,756 |
| 25th percentile | $4,750 |
| 75th percentile | $9,916 |
| 90th percentile (highest-debt students) | $13,992 |
How wide this percentile range is tells you how much borrowing varies across students at Kenneth Shuler School of Cosmetology.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Kenneth Shuler School of Cosmetology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 200 | $5,902 |
| Completed (graduates) | 134 | $6,384 |
| Did not complete | 66 | $5,283 |
On a standard 10-year plan, the median completing borrower would pay about $75.91/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Kenneth Shuler School of Cosmetology.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 186 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Kenneth Shuler School of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Kenneth Shuler School of Cosmetology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 366 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,825 |
| Middle income | $5,724 |
| High income | $4,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,775 |
| Continuing-generation students | $5,825 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,250 |
| Independent students | $5,825 |
Federal data publishes the following gap measures for Kenneth Shuler School of Cosmetology.
Subsidized vs. 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.
Worth Knowing
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.