by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Kenneth Shuler School of Cosmetology-North Augusta: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Kenneth Shuler School of Cosmetology-North Augusta specifically, 89% of incoming undergraduates borrow in year one, at roughly $6,953 per student, private and federal loans combined.
Federal loans alone average $6,953. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Kenneth Shuler School of Cosmetology-North Augusta, freshmen included, 63% borrow through federal student loan programs, borrowing on average $6,847 in federal loans per year. That is 1.5% lower than the freshman federal average of $6,953.
Borrowing the same amount each year would add up to roughly $13,694 in two years and roughly $27,388 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $6,847 |
| Undergraduates with a federal loan | 132 |
| Total federal loans (one year) | $903,809 |
The middle borrower at Kenneth Shuler School of Cosmetology-North Augusta owes $5,825 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,825 |
| Students who completed (graduates) | $8,661 |
| Students who withdrew | $4,750 |
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 Kenneth Shuler School of Cosmetology-North Augusta.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,848 |
| 90th percentile (highest-debt students) | $14,121 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Kenneth Shuler School of Cosmetology-North Augusta.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Kenneth Shuler School of Cosmetology-North Augusta.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 116 | $6,545 |
| Completed (graduates) | 77 | $6,700 |
| Did not complete | 39 | $5,061 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $79.67/mo.
The indicators below describe what the typical debt costs to pay back at Kenneth Shuler School of Cosmetology-North Augusta.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Kenneth Shuler School of Cosmetology-North Augusta appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.9% |
| Borrowers in the cohort | 84 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,825 |
| Middle income | $6,647 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,825 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Kenneth Shuler School of Cosmetology-North Augusta.
The Difference Between 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.
Worth Knowing
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.