by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Palomar Institute of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Palomar Institute of Cosmetology, 38% of incoming undergraduates borrow in year one, at roughly $4,741 each — a figure that counts both private and federal student loans.
Federal loans alone average $4,741, or about 86.2% of the typical first-year dependent student borrowing cap of $5,500. 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 Palomar Institute of Cosmetology (freshmen included), 43% rely on federal student loans toward their education, with a mean of $4,795 each per year. That amounts to 1.1% greater than the first-year federal average of $4,741.
At a steady annual pace, that totals around $9,590 after two years and $19,180 over a four-year span. 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 | $4,795 |
| Undergraduates with a federal loan | 156 |
| Total federal loans (one year) | $747,987 |
The median student at Palomar Institute of Cosmetology borrows $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $2,750 |
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 Palomar Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $4,192 |
| 75th percentile | $9,547 |
| 90th percentile (highest-debt students) | $12,919 |
How wide this percentile range is tells you how much borrowing varies across students at Palomar Institute of Cosmetology.
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 Palomar Institute of Cosmetology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 26 | $5,490 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Palomar Institute of Cosmetology.
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 Palomar Institute of Cosmetology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 128 |
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 | $6,333 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,892 |
| Continuing-generation students | $10,109 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,442 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Palomar Institute of Cosmetology.
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.