by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Pro Beauty Academy: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Pro Beauty Academy, 75% of freshmen borrow to help pay for their first year, averaging $6,989 per student, private and federal loans combined.
Federal loans alone average $6,989. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Pro Beauty Academy, 32% borrow through federal student loan programs, at an average of $5,941 a year. This works out to 15.0% under the freshman federal average of $6,989.
Carrying that yearly figure forward comes to roughly $11,882 by year two and around $23,764 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 32% |
| Average federal loan per year | $5,941 |
| Undergraduates with a federal loan | 65 |
| Total federal loans (one year) | $386,158 |
The middle borrower at Pro Beauty Academy owes $4,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $5,500 |
The indicators below describe what the typical debt costs to pay back at Pro Beauty Academy.
The Department of Education computes gap indicators that show how borrowing differs between student groups at Pro Beauty Academy.
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.
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.