by our College Data Analytics TeamHere you will find what students actually borrow to attend Phagans Grants Pass College of Beauty— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Phagans Grants Pass College of Beauty, 74% of incoming undergraduates borrow in year one, for an average of $5,761 per borrower, covering both private and federal loans.
The average federally funded loan is $5,761. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Phagans Grants Pass College of Beauty, 74% take out federal student loans, at an average of $5,935 a year. This works out to 3.0% above the freshman federal average of $5,761.
Carrying that yearly figure forward comes to roughly $11,870 after two years and $23,740 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 | 74% |
| Average federal loan per year | $5,935 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $344,217 |
Graduating and withdrawing students at Phagans Grants Pass College of Beauty carry a median federal debt of $7,584 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,584 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Phagans Grants Pass College of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,628 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Phagans Grants Pass College of Beauty.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Phagans Grants Pass College of Beauty follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.6% |
| Borrowers in the cohort | 47 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,749 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,834 |
| Independent students | $8,654 |
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
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.