by our College Data Analytics TeamThis page focuses on the debt students take on to attend Professional Cosmetology Education Center: 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.
Among first-year students at Professional Cosmetology Education Center, 76% of freshmen borrow to help pay for their first year, borrowing on average $7,552 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,552. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Professional Cosmetology Education Center, 76% finance part of their studies with federal loans, at an average of $6,881 a year. That is 8.9% smaller than the $7,552 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,762 by year two and around $27,524 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 | 76% |
| Average federal loan per year | $6,881 |
| Undergraduates with a federal loan | 38 |
| Total federal loans (one year) | $261,470 |
The middle borrower at Professional Cosmetology Education Center owes $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $6,118 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Professional Cosmetology Education Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,120 |
| 75th percentile | $12,643 |
The indicators below describe what the typical debt costs to pay back at Professional Cosmetology Education Center.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Professional Cosmetology Education Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.3% |
| Borrowers in the cohort | 36 |
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.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,311 |
| Independent students | $10,633 |
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.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.