by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Love Beauty School Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Love Beauty School Inc, 55% of incoming undergraduates borrow in year one, for an average of $6,485 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,485. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Among all degree-seeking undergrads at Love Beauty School Inc, 58% rely on federal student loans toward their education, averaging $6,056 a year. That amounts to 6.6% less than the $6,485 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $12,112 in two years and roughly $24,224 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,056 |
| Undergraduates with a federal loan | 65 |
| Total federal loans (one year) | $393,640 |
Graduating and withdrawing students at Love Beauty School Inc carry a median federal debt of $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Love Beauty School Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
The indicators below describe what the typical debt costs to pay back at Love Beauty School Inc.
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 Love Beauty School Inc is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 29.7% |
| Borrowers in the cohort | 37 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,125 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
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.
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.