by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Parisian Beauty School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Parisian Beauty Academy, 86% of incoming undergraduates borrow in year one, at roughly $8,678 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $8,678. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Parisian Beauty Academy, 60% finance part of their studies with federal loans, with a mean of $6,017 annually. This is 30.7% lower than the $8,678 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,034 in two years and roughly $24,068 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,017 |
| Undergraduates with a federal loan | 439 |
| Total federal loans (one year) | $2,641,449 |
The median student at Parisian Beauty Academy borrows $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,667 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Parisian Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,964 |
| 25th percentile | $5,500 |
| 75th percentile | $10,118 |
| 90th percentile (highest-debt students) | $11,765 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Parisian Beauty Academy.
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 Parisian Beauty Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 179 | $7,760 |
| Completed (graduates) | 144 | $8,599 |
| Did not complete | 35 | $5,776 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $102.25/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Parisian Beauty Academy.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 169 | — |
| No Stafford loan this year | 10 | — |
The indicators below describe what the typical debt costs to pay back at Parisian 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. Two-year cohort default-rate data for Parisian Beauty Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.9% |
| Borrowers in the cohort | 182 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,167 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,800 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $7,480 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Parisian Beauty Academy.
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.
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.