by our College Data Analytics TeamHere you will find what students actually borrow to attend Professional Institute of Beauty— 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 Professional Institute of Beauty, 30% of freshmen borrow to help pay for their first year, borrowing on average $2,865 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $2,865, equal to roughly 52.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Professional Institute of Beauty (freshmen included), 33% finance part of their studies with federal loans, at an average of $1,816 a year. That is 36.6% under the freshman federal average of $2,865.
Borrowing the same amount each year would add up to roughly $3,632 in two years and roughly $7,264 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $1,816 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $81,711 |
The middle borrower at Professional Institute of Beauty owes $2,976 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $2,976 |
| Students who completed (graduates) | $3,001 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Professional Institute of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,900 |
| 75th percentile | $4,736 |
The indicators below describe what the typical debt costs to pay back at Professional Institute of Beauty.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Professional Institute of Beauty is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.8% |
| Borrowers in the cohort | 20 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between Subsidized and 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.
Important to Remember
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.