by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Lia Schorr Institute of Cosmetic Skin Care Training— 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.
Looking at the entering class at Lia Schorr Institute of Cosmetic Skin Care Training, 43% of freshmen borrow to help pay for their first year, for an average of $6,309 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $6,309. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Lia Schorr Institute of Cosmetic Skin Care Training, 42% use federal student loans to help pay for their education, for a typical $6,309 each per year.
Borrowing at that rate every year works out to about $12,618 by year two and around $25,236 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 | 42% |
| Average federal loan per year | $6,309 |
| Undergraduates with a federal loan | 50 |
| Total federal loans (one year) | $315,450 |
Graduating and withdrawing students at Lia Schorr Institute of Cosmetic Skin Care Training carry a median federal debt of $4,996 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,996 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Lia Schorr Institute of Cosmetic Skin Care Training.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Lia Schorr Institute of Cosmetic Skin Care Training is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.1% |
| Borrowers in the cohort | 56 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
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.