by our College Data Analytics TeamThis page focuses on the debt students take on to attend Pro Way Hair School— 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 Pro Way Hair School, 100% of freshmen borrow to help pay for their first year, for an average of $8,004 per student, private and federal loans combined.
The average federally funded loan is $8,004. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Pro Way Hair School, 87% finance part of their studies with federal loans, at an average of $8,219 per year. This works out to 2.7% larger than the freshman federal average of $8,004.
Carrying that yearly figure forward comes to roughly $16,438 in two years and roughly $32,876 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 87% |
| Average federal loan per year | $8,219 |
| Undergraduates with a federal loan | 62 |
| Total federal loans (one year) | $509,578 |
The middle borrower at Pro Way Hair School owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Pro Way Hair School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,852 |
| 25th percentile | $5,685 |
| 75th percentile | $13,950 |
| 90th percentile (highest-debt students) | $14,500 |
How wide this percentile range is tells you how much borrowing varies across students at Pro Way Hair School.
These figures turn the debt totals into a monthly repayment picture for Pro Way Hair School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Pro Way Hair School follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.6% |
| Borrowers in the cohort | 150 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Pro Way Hair School.
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.