by our College Data Analytics TeamHere you will find what students actually borrow to attend PJ’s College of Cosmetology-Richmond— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at PJ’s College of Cosmetology-Richmond, 90% of freshmen borrow to help pay for their first year, for an average of $7,804 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,804. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at PJ’s College of Cosmetology-Richmond, 49% take out federal student loans, borrowing on average $7,406 in federal loans per year. This is 5.1% below the $7,804 freshmen take on.
Repeating that yearly amount projects to about $14,812 after two years and $29,624 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $7,406 |
| Undergraduates with a federal loan | 44 |
| Total federal loans (one year) | $325,883 |
The middle borrower at PJ’s College of Cosmetology-Richmond owes $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $9,833 |
| 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.
Repayment burden translates the debt figures into what a borrower actually pays each month. PJ’s College of Cosmetology-Richmond.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for PJ’s College of Cosmetology-Richmond is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 30 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $6,333 |
The Difference Between Subsidized and 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.