by our College Data Analytics TeamHere you will find what students actually borrow to attend Maryland Beauty Academy of Essex, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Maryland Beauty Academy, 80% of incoming undergraduates borrow in year one, averaging $5,150 per student, private and federal loans combined.
The typical federal loan comes to $5,150, amounting to 93.6% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Maryland Beauty Academy, 60% take out federal student loans, averaging $5,150 each per year.
Borrowing the same amount each year would add up to roughly $10,300 across two years and $20,600 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 | 60% |
| Average federal loan per year | $5,150 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $149,350 |
Graduating and withdrawing students at Maryland Beauty Academy carry a median federal debt of $5,713 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,713 |
| Students who completed (graduates) | $8,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Maryland Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Maryland Beauty Academy.
The indicators below describe what the typical debt costs to pay back at Maryland Beauty Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Maryland Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.3% |
| Borrowers in the cohort | 81 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,790 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,790 |
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.