by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Professional’s Choice Hair Design Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Professional’s Choice Hair Design Academy specifically, 66% of first-year students take on loan debt, at roughly $4,354 per borrower, covering both private and federal loans.
The average federal loan is $4,354, representing 79.2% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Professional’s Choice Hair Design Academy, 40% rely on federal student loans toward their education, borrowing on average $4,354 a year.
At a steady annual pace, that totals around $8,708 after two years and $17,416 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 40% |
| Average federal loan per year | $4,354 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $126,257 |
Graduating and withdrawing students at Professional’s Choice Hair Design Academy carry a median federal debt of $8,375 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,375 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Professional’s Choice Hair Design Academy.
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’s Choice Hair Design Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.0% |
| Borrowers in the cohort | 19 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
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.