by our College Data Analytics TeamThis page focuses on the debt students take on to attend Michigan College of Beauty-Troy, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Michigan College of Beauty-Troy specifically, 73% of first-year students take on loan debt, borrowing on average $6,130 per borrower, covering both private and federal loans.
The average federally funded loan is $6,130. 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 Michigan College of Beauty-Troy, 83% borrow through federal student loan programs, with a mean of $5,232 a year. It comes to 14.6% lower than the $6,130 typical freshmen borrow.
Borrowing at that rate every year works out to about $10,464 by year two and around $20,928 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 83% |
| Average federal loan per year | $5,232 |
| Undergraduates with a federal loan | 313 |
| Total federal loans (one year) | $1,637,616 |
Graduating and withdrawing students at Michigan College of Beauty-Troy 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) | $6,333 |
| Students who withdrew | $3,667 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Michigan College of Beauty-Troy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $4,077 |
| 75th percentile | $9,678 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Michigan College of Beauty-Troy.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Michigan College of Beauty-Troy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 47 | $9,000 |
The indicators below describe what the typical debt costs to pay back at Michigan College of Beauty-Troy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Michigan College of Beauty-Troy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.8% |
| Borrowers in the cohort | 254 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,667 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Michigan College of Beauty-Troy.
Subsidized vs. 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.