by our College Data Analytics TeamThis page focuses on the debt students take on to attend Milan Institute of Cosmetology-El Paso— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Milan Institute of Cosmetology-El Paso, 60% of new students use loans toward freshman-year expenses, borrowing on average $5,150 each — a figure that counts both private and federal student loans.
The average federally funded loan is $5,150, representing 93.6% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Milan Institute of Cosmetology-El Paso, 60% finance part of their studies with federal loans, with a mean of $5,245 per year. It comes to 1.8% more than the first-year federal average of $5,150.
At a steady annual pace, that totals around $10,490 in two years and roughly $20,980 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 | 60% |
| Average federal loan per year | $5,245 |
| Undergraduates with a federal loan | 416 |
| Total federal loans (one year) | $2,181,920 |
The median student at Milan Institute of Cosmetology-El Paso borrows $6,070 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,070 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,171 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Milan Institute of Cosmetology-El Paso.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,872 |
| 25th percentile | $4,750 |
| 75th percentile | $10,555 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Milan Institute of Cosmetology-El Paso.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Milan Institute of Cosmetology-El Paso.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 85 | $4,990 |
| Completed (graduates) | 60 | $5,578 |
| Did not complete | 25 | $3,750 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $66.33/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Milan Institute of Cosmetology-El Paso.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 72 | — |
| No Stafford loan this year | 13 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Milan Institute of Cosmetology-El Paso.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Milan Institute of Cosmetology-El Paso appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 1278 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $6,222 |
| Middle income | $6,078 |
| High income | $4,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,078 |
| Continuing-generation students | $5,768 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for Milan Institute of Cosmetology-El Paso.
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.
Important to Remember
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.