by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ohio State School of Cosmetology-Heath— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Ohio State School of Cosmetology-Heath, 64% of freshmen borrow to help pay for their first year, borrowing on average $4,000 per borrower, covering both private and federal loans.
On the federal side, the average loan is $4,000, equal to roughly 72.7% of the $5,500 first-year federal borrowing limit for a 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.
Across the full undergraduate body at Ohio State School of Cosmetology-Heath (freshmen included), 65% use federal student loans to help pay for their education, with a mean of $4,469 in federal loans per year. This works out to 11.7% higher than the $4,000 borrowed by freshmen.
Repeating that yearly amount projects to about $8,938 across two years and $17,876 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $4,469 |
| Undergraduates with a federal loan | 82 |
| Total federal loans (one year) | $366,494 |
The middle borrower at Ohio State School of Cosmetology-Heath owes $5,831 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,831 |
| Students who completed (graduates) | $9,900 |
| Students who withdrew | $3,063 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Ohio State School of Cosmetology-Heath.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $10,935 |
| 90th percentile (highest-debt students) | $13,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Ohio State School of Cosmetology-Heath.
The indicators below describe what the typical debt costs to pay back at Ohio State School of Cosmetology-Heath.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Ohio State School of Cosmetology-Heath appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.5% |
| Borrowers in the cohort | 69 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,400 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,366 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Ohio State School of Cosmetology-Heath.
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.
Worth Knowing
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.