by our College Data Analytics TeamBelow is federal data on the loans students use to pay for MAK Beauty Institute: 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.
Among first-year students at MAK Beauty Institute, 26% of freshmen borrow to help pay for their first year, for an average of $6,300 per student, private and federal loans combined.
The typical federal loan comes to $6,300. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Among all degree-seeking undergrads at MAK Beauty Institute, 11% take out federal student loans, with a mean of $6,300 per year.
Repeating that yearly amount projects to about $12,600 over two years and about $25,200 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 11% |
| Average federal loan per year | $6,300 |
| Undergraduates with a federal loan | 7 |
| Total federal loans (one year) | $44,101 |
Graduating and withdrawing students at MAK Beauty Institute carry a median federal debt of $5,501 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,501 |
The indicators below describe what the typical debt costs to pay back at MAK Beauty Institute.
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.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.