by our College Data Analytics TeamHere you will find what students actually borrow to attend Lawrence & Company College of Cosmetology— 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.
At Lawrence & Company College of Cosmetology, 42% of new students use loans toward freshman-year expenses, with a typical loan of $6,424 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $6,424. 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.
Across the full undergraduate body at Lawrence & Company College of Cosmetology (freshmen included), 38% finance part of their studies with federal loans, with a mean of $5,840 a year. It comes to 9.1% under the $6,424 freshmen take on.
Borrowing the same amount each year would add up to roughly $11,680 by year two and around $23,360 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $5,840 |
| Undergraduates with a federal loan | 23 |
| Total federal loans (one year) | $134,315 |
The median student at Lawrence & Company College of Cosmetology borrows $4,963 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,963 |
| Students who completed (graduates) | $7,400 |
| Students who withdrew | $3,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Lawrence & Company College of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Lawrence & Company College of Cosmetology.
Subsidized vs. 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?
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.