by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ohio State Beauty Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at OSBA, 79% of incoming undergraduates borrow in year one, at roughly $6,269 per borrower, covering both private and federal loans.
The average federally funded loan is $6,269. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at OSBA, 56% finance part of their studies with federal loans, borrowing on average $6,012 each per year. This is 4.1% lower than the first-year federal average of $6,269.
At a steady annual pace, that totals around $12,024 across two years and $24,048 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 | 56% |
| Average federal loan per year | $6,012 |
| Undergraduates with a federal loan | 64 |
| Total federal loans (one year) | $384,774 |
Graduating and withdrawing students at OSBA carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,498 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for OSBA.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $10,475 |
How wide this percentile range is tells you how much borrowing varies across students at OSBA.
Repayment burden translates the debt figures into what a borrower actually pays each month. OSBA.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for OSBA appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.0% |
| Borrowers in the cohort | 115 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $5,500 |
| Middle income | $5,500 |
| High income | $8,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,452 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at OSBA.
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.