by our College Data Analytics TeamThis page focuses on the debt students take on to attend Lil Lou’s Beauty and Barber College LLC: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Lil Lou’s Beauty and Barber College LLC, 83% of new students use loans toward freshman-year expenses, borrowing on average $6,883 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,883. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Lil Lou’s Beauty and Barber College LLC, 86% rely on federal student loans toward their education, borrowing on average $6,666 in federal loans per year. This works out to 3.2% less than the freshman federal average of $6,883.
At a steady annual pace, that totals around $13,332 across two years and $26,664 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 86% |
| Average federal loan per year | $6,666 |
| Undergraduates with a federal loan | 49 |
| Total federal loans (one year) | $326,638 |
Graduating and withdrawing students at Lil Lou’s Beauty and Barber College LLC carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $14,302 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Lil Lou’s Beauty and Barber College LLC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Lil Lou’s Beauty and Barber College LLC.
Repayment burden translates the debt figures into what a borrower actually pays each month. Lil Lou’s Beauty and Barber College LLC.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,667 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Lil Lou’s Beauty and Barber College LLC.
Subsidized vs. 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.
Worth Knowing
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.