by our College Data Analytics TeamThis page focuses on the debt students take on to attend Merrell University of Beauty Arts and Science, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Merrell University of Beauty Arts and Science, 80% of first-year students take on loan debt, for an average of $7,892 per student, private and federal loans combined.
The average federally funded loan is $7,892. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Merrell University of Beauty Arts and Science, 51% take out federal student loans, with a mean of $7,411 per year. This works out to 6.1% below the freshman federal average of $7,892.
Repeating that yearly amount projects to about $14,822 across two years and $29,644 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $7,411 |
| Undergraduates with a federal loan | 72 |
| Total federal loans (one year) | $533,620 |
The middle borrower at Merrell University of Beauty Arts and Science owes $6,125 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,125 |
| Students who completed (graduates) | $7,671 |
| Students who withdrew | $4,541 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Merrell University of Beauty Arts and Science.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $15,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Merrell University of Beauty Arts and Science.
Repayment burden translates the debt figures into what a borrower actually pays each month. Merrell University of Beauty Arts and Science.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Merrell University of Beauty Arts and Science is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.4% |
| Borrowers in the cohort | 94 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,672 |
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?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.