by our College Data Analytics TeamHere you will find what students actually borrow to attend Luckes Beauty Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among all degree-seeking undergrads at Luckes Beauty Academy, 71% finance part of their studies with federal loans, with a mean of $6,584 a year.
Borrowing at that rate every year works out to about $13,168 over two years and about $26,336 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $6,584 |
| Undergraduates with a federal loan | 20 |
| Total federal loans (one year) | $131,684 |
Graduating and withdrawing students at Luckes Beauty Academy carry a median federal debt of $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who withdrew | $4,833 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Luckes Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $14,250 |
These figures turn the debt totals into a monthly repayment picture for Luckes Beauty Academy.
The Difference Between Subsidized and 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.
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.