by our College Data Analytics TeamThis page focuses on the debt students take on to attend Kenneth Shuler School of Cosmetology-Greenville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Kenneth Shuler School of Cosmetology-Greenville, 82% of new students use loans toward freshman-year expenses, borrowing on average $6,240 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,240. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Kenneth Shuler School of Cosmetology-Greenville, 60% borrow through federal student loan programs, for a typical $6,694 a year. It comes to 7.3% greater than the $6,240 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,388 by year two and around $26,776 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,694 |
| Undergraduates with a federal loan | 165 |
| Total federal loans (one year) | $1,104,531 |
The median student at Kenneth Shuler School of Cosmetology-Greenville borrows $5,724 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,724 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,750 |
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 Kenneth Shuler School of Cosmetology-Greenville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,987 |
| 25th percentile | $4,785 |
| 75th percentile | $10,912 |
| 90th percentile (highest-debt students) | $13,627 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Kenneth Shuler School of Cosmetology-Greenville.
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-Greenville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 121 | $6,368 |
| Completed (graduates) | 82 | $6,603 |
| Did not complete | 39 | $5,842 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $78.52/mo.
These figures turn the debt totals into a monthly repayment picture for Kenneth Shuler School of Cosmetology-Greenville.
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-Greenville follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.2% |
| Borrowers in the cohort | 111 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $5,825 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,724 |
| Continuing-generation students | $5,893 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,842 |
Federal data publishes the following gap measures for Kenneth Shuler School of Cosmetology-Greenville.
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?
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.