by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Leon Studio One School of Beauty Knowledge— 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.
Looking at the entering class at Leon Studio One school, 80% of freshmen borrow to help pay for their first year, for an average of $6,894 each, across private and federal loan sources.
Federal loans alone average $6,894. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Leon Studio One school, freshmen included, 64% finance part of their studies with federal loans, at an average of $5,583 per year. That amounts to 19.0% smaller than the $6,894 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $11,166 by year two and around $22,332 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 | 64% |
| Average federal loan per year | $5,583 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $150,747 |
The middle borrower at Leon Studio One school owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Leon Studio One school.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Leon Studio One school appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.4% |
| Borrowers in the cohort | 83 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
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.