by our College Data Analytics TeamThis page focuses on the debt students take on to attend PJ’s College of Cosmetology-Glasgow: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At PJ’s College of Cosmetology-Glasgow, 89% of new students use loans toward freshman-year expenses, at roughly $8,500 per borrower, covering both private and federal loans.
Federal loans alone average $8,500. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at PJ’s College of Cosmetology-Glasgow, 58% borrow through federal student loan programs, averaging $7,567 each per year. It comes to 11.0% less than the $8,500 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $15,134 by year two and around $30,268 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 | 58% |
| Average federal loan per year | $7,567 |
| Undergraduates with a federal loan | 37 |
| Total federal loans (one year) | $279,997 |
Graduating and withdrawing students at PJ’s College of Cosmetology-Glasgow carry a median federal debt of $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $14,042 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for PJ’s College of Cosmetology-Glasgow.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $10,100 |
These figures turn the debt totals into a monthly repayment picture for PJ’s College of Cosmetology-Glasgow.
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 PJ’s College of Cosmetology-Glasgow is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.3% |
| Borrowers in the cohort | 39 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $9,500 |
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.
Did You Know?
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.