by our College Data Analytics TeamThis page focuses on the debt students take on to attend Kenneth Shuler School of Cosmetology-Spartanburg, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Kenneth Shuler School of Cosmetology-Spartanburg specifically, 74% of incoming students take out a loan to help cover first-year costs, at roughly $6,074 each, across private and federal loan sources.
The average federally funded loan is $6,074. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Kenneth Shuler School of Cosmetology-Spartanburg, 61% take out federal student loans, borrowing on average $6,131 a year. That is 0.9% greater than the $6,074 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $12,262 across two years and $24,524 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $6,131 |
| Undergraduates with a federal loan | 163 |
| Total federal loans (one year) | $999,324 |
Graduating and withdrawing students at Kenneth Shuler School of Cosmetology-Spartanburg carry a median federal debt of $5,775 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,775 |
| Students who completed (graduates) | $5,858 |
| Students who withdrew | $4,704 |
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-Spartanburg.
| 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-Spartanburg.
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-Spartanburg.
| 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-Spartanburg.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 186 | — |
| No Stafford loan this year | 14 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Kenneth Shuler School of Cosmetology-Spartanburg.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Kenneth Shuler School of Cosmetology-Spartanburg appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 366 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,825 |
| Middle income | $5,724 |
| High income | $4,750 |
First-Gen vs Continuing-Gen Borrowing
| 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-Spartanburg.
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.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.