by our College Data Analytics TeamBelow is federal data on the loans students use to pay for P B Cosmetology Education Center, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at P B Cosmetology Education Center, 67% of incoming students take out a loan to help cover first-year costs, for an average of $7,604 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,604. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. 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 P B Cosmetology Education Center (freshmen included), 51% take out federal student loans, averaging $6,837 per year. That amounts to 10.1% below the freshman federal average of $7,604.
Borrowing the same amount each year would add up to roughly $13,674 after two years and $27,348 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $6,837 |
| Undergraduates with a federal loan | 91 |
| Total federal loans (one year) | $622,211 |
The middle borrower at P B Cosmetology Education Center owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,667 |
| Students who withdrew | $3,166 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at P B Cosmetology Education Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,546 |
| 25th percentile | $5,020 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,667 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at P B Cosmetology Education Center.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at P B Cosmetology Education Center.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $6,797 |
Repayment burden translates the debt figures into what a borrower actually pays each month. P B Cosmetology Education Center.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for P B Cosmetology Education Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 146 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $7,667 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for P B Cosmetology Education Center.
Subsidized vs. 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.