by our College Data Analytics TeamHere you will find what students actually borrow to attend Lindsey Institute of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Lindsey Institute of Cosmetology, 33% of incoming students take out a loan to help cover first-year costs, borrowing on average $5,952 each, across private and federal loan sources.
The average federally funded loan is $5,952. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Lindsey Institute of Cosmetology, 30% use federal student loans to help pay for their education, for a typical $6,141 a year. It comes to 3.2% above the first-year federal average of $5,952.
Carrying that yearly figure forward comes to roughly $12,282 in two years and roughly $24,564 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $6,141 |
| Undergraduates with a federal loan | 26 |
| Total federal loans (one year) | $159,668 |
The median student at Lindsey Institute of Cosmetology borrows $6,009 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,009 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Lindsey Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $12,000 |
These figures turn the debt totals into a monthly repayment picture for Lindsey Institute of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Lindsey Institute of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 1 |
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
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.
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.