by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paramount Beauty Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Paramount Beauty Academy specifically, 84% of freshmen borrow to help pay for their first year, with a typical loan of $6,006 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,006. This meets or exceeds the $5,500 cap on first-year federal borrowing 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 Paramount Beauty Academy (freshmen included), 74% borrow through federal student loan programs, borrowing on average $5,767 a year. This works out to 4.0% lower than the $6,006 freshmen take on.
At a steady annual pace, that totals around $11,534 in two years and roughly $23,068 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $5,767 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $334,477 |
The median student at Paramount Beauty Academy borrows $7,917 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $9,833 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paramount Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $16,550 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paramount Beauty Academy.
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 Paramount Beauty Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.6% |
| Borrowers in the cohort | 51 |
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.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $10,014 |
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.
Did You Know?
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.