by our College Data Analytics TeamHere you will find what students actually borrow to attend Olympian Academy of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Olympian Academy of Cosmetology, 64% of first-year students take on loan debt, for an average of $7,788 per borrower, covering both private and federal loans.
The average federal loan is $7,788. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Olympian Academy of Cosmetology, 67% finance part of their studies with federal loans, at an average of $5,793 in federal loans per year. This is 25.6% lower than the freshman federal average of $7,788.
Repeating that yearly amount projects to about $11,586 after two years and $23,172 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $5,793 |
| Undergraduates with a federal loan | 527 |
| Total federal loans (one year) | $3,052,925 |
Graduating and withdrawing students at Olympian Academy of Cosmetology carry a median federal debt of $6,584 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,584 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Olympian Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,622 |
| 90th percentile (highest-debt students) | $15,341 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Olympian Academy of Cosmetology.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Olympian Academy of Cosmetology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 138 | $3,213 |
| Completed (graduates) | 100 | $3,593 |
| Did not complete | 38 | $2,715 |
On a standard 10-year plan, the median completing borrower would pay about $42.72/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Olympian Academy of Cosmetology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Olympian Academy of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.5% |
| Borrowers in the cohort | 943 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,509 |
| Middle income | $6,333 |
| High income | $7,237 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,625 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $7,019 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Olympian Academy of Cosmetology.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
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.