by our College Data Analytics TeamHere you will find what students actually borrow to attend Mississippi Institute of Aesthetics Nails & Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Mississippi Institute, 67% of new students use loans toward freshman-year expenses, for an average of $9,153 each — a figure that counts both private and federal student loans.
The average federally funded loan is $9,153. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Mississippi Institute, freshmen included, 43% rely on federal student loans toward their education, for a typical $5,186 in federal loans per year. That is 43.3% lower than the freshman federal average of $9,153.
Borrowing the same amount each year would add up to roughly $10,372 across two years and $20,744 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $5,186 |
| Undergraduates with a federal loan | 56 |
| Total federal loans (one year) | $290,410 |
Graduating and withdrawing students at Mississippi Institute carry a median federal debt of $3,604 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,604 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Mississippi Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,604 |
| 75th percentile | $9,000 |
The indicators below describe what the typical debt costs to pay back at Mississippi Institute.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Mississippi Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.8% |
| Borrowers in the cohort | 46 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $3,604 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,604 |
| Continuing-generation students | $3,907 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,603 |
| Independent students | $3,907 |
Federal data publishes the following gap measures for Mississippi Institute.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.