by our College Data Analytics TeamHere you will find what students actually borrow to attend Premiere Aesthetics Institute: 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.
For incoming students at Premiere Aesthetics Institute, 18% of first-year students take on loan debt, averaging $6,666 per borrower, covering both private and federal loans.
The average federal loan is $6,666. This meets or exceeds the $5,500 cap on first-year federal borrowing 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.
Looking at all undergraduates at Premiere Aesthetics Institute, freshmen included, 29% take out federal student loans, at an average of $4,222 each per year. This is 36.7% smaller than the $6,666 borrowed by freshmen.
Borrowing at that rate every year works out to about $8,444 after two years and $16,888 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 29% |
| Average federal loan per year | $4,222 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $113,994 |
The median student at Premiere Aesthetics Institute borrows $3,666 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,666 |
These figures turn the debt totals into a monthly repayment picture for Premiere Aesthetics Institute.
Subsidized vs. 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?
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.