by our College Data Analytics TeamHere you will find what students actually borrow to attend Montgomery Beauty School-Baltimore Beauty & Barber School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Montgomery Beauty School-Baltimore Beauty & Barber School, 76% of incoming students take out a loan to help cover first-year costs, averaging $2,877 per borrower, covering both private and federal loans.
The average federally funded loan is $2,877, which is 52.3% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Montgomery Beauty School-Baltimore Beauty & Barber School (freshmen included), 34% rely on federal student loans toward their education, averaging $2,840 each per year. That is 1.3% smaller than the freshman federal average of $2,877.
Carrying that yearly figure forward comes to roughly $5,680 over two years and about $11,360 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 34% |
| Average federal loan per year | $2,840 |
| Undergraduates with a federal loan | 156 |
| Total federal loans (one year) | $442,987 |
The median student at Montgomery Beauty School-Baltimore Beauty & Barber School borrows $7,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $11,845 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Montgomery Beauty School-Baltimore Beauty & Barber School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,980 |
| 75th percentile | $7,500 |
| 90th percentile (highest-debt students) | $11,500 |
How wide this percentile range is tells you how much borrowing varies across students at Montgomery Beauty School-Baltimore Beauty & Barber School.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Montgomery Beauty School-Baltimore Beauty & Barber School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 33 | $4,927 |
The indicators below describe what the typical debt costs to pay back at Montgomery Beauty School-Baltimore Beauty & Barber School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Montgomery Beauty School-Baltimore Beauty & Barber School is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.9% |
| Borrowers in the cohort | 72 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,295 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,750 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,373 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Montgomery Beauty School-Baltimore Beauty & Barber School.
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.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.