by our College Data Analytics TeamThis page focuses on the debt students take on to attend New Dimensions School of Hair Design, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At New Dimensions School of Hair Design specifically, 38% of incoming students take out a loan to help cover first-year costs, borrowing on average $5,857 each, across private and federal loan sources.
On the federal side, the average loan is $5,857. That is at or past the $5,500 federal first-year limit for 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.
For undergraduates overall at New Dimensions School of Hair Design, 43% finance part of their studies with federal loans, with a mean of $5,830 per year. It comes to 0.5% lower than the freshman federal average of $5,857.
Borrowing the same amount each year would add up to roughly $11,660 across two years and $23,320 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $5,830 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $139,924 |
Graduating and withdrawing students at New Dimensions School of Hair Design carry a median federal debt of $8,375 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,375 |
Repayment burden translates the debt figures into what a borrower actually pays each month. New Dimensions School of Hair Design.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for New Dimensions School of Hair Design appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 25 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.