by our College Data Analytics TeamHere you will find what students actually borrow to attend North Adrian’s College of Beauty Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At North Adrian’s College of Beauty specifically, 54% of first-year students take on loan debt, for an average of $5,357 per student, private and federal loans combined.
The typical federal loan comes to $5,357, or about 97.4% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 North Adrian’s College of Beauty (freshmen included), 43% use federal student loans to help pay for their education, for a typical $5,118 per year. This is 4.5% below the $5,357 freshmen take on.
Borrowing the same amount each year would add up to roughly $10,236 by year two and around $20,472 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $5,118 |
| Undergraduates with a federal loan | 147 |
| Total federal loans (one year) | $752,406 |
The middle borrower at North Adrian’s College of Beauty owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,000 |
| Students who withdrew | $7,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for North Adrian’s College of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,333 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $15,000 |
How wide this percentile range is tells you how much borrowing varies across students at North Adrian’s College of Beauty.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at North Adrian’s College of Beauty.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 37 | $7,449 |
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at North Adrian’s College of Beauty.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 25 | — |
| No Stafford loan | 12 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 20 | — |
| No Stafford loan this year | 17 | — |
These figures turn the debt totals into a monthly repayment picture for North Adrian’s College of Beauty.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for North Adrian’s College of Beauty is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 185 |
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 | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at North Adrian’s College of Beauty.
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.