by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Pinnacle Institute of Cosmetology— 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.
Among first-year students at Pinnacle Institute of Cosmetology, 64% of incoming students take out a loan to help cover first-year costs, averaging $6,370 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,370. 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.
For undergraduates overall at Pinnacle Institute of Cosmetology, 64% rely on federal student loans toward their education, borrowing on average $7,025 in federal loans per year. That is 10.3% greater than the $6,370 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $14,050 after two years and $28,100 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $7,025 |
| Undergraduates with a federal loan | 63 |
| Total federal loans (one year) | $442,562 |
The median student at Pinnacle Institute of Cosmetology borrows $9,833 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Pinnacle Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,909 |
| 75th percentile | $16,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Pinnacle Institute of Cosmetology.
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 Pinnacle Institute of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.8% |
| Borrowers in the cohort | 52 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
Subsidized and 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
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.