by our College Data Analytics TeamHere you will find what students actually borrow to attend Raphael’s School of Beauty Culture Inc-Alliance: 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.
At Raphael’s School of Beauty Culture Inc-Alliance specifically, 78% of first-year students take on loan debt, with a typical loan of $7,180 each, across private and federal loan sources.
The average federal loan is $7,180. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Raphael’s School of Beauty Culture Inc-Alliance, 59% finance part of their studies with federal loans, with a mean of $7,439 each per year. That amounts to 3.6% above the $7,180 freshmen take on.
At a steady annual pace, that totals around $14,878 by year two and around $29,756 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $7,439 |
| Undergraduates with a federal loan | 378 |
| Total federal loans (one year) | $2,811,951 |
The median student at Raphael’s School of Beauty Culture Inc-Alliance borrows $6,250 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,250 |
| Students who completed (graduates) | $7,114 |
| Students who withdrew | $3,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Raphael’s School of Beauty Culture Inc-Alliance.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,173 |
| 25th percentile | $3,750 |
| 75th percentile | $9,132 |
| 90th percentile (highest-debt students) | $11,250 |
How wide this percentile range is tells you how much borrowing varies across students at Raphael’s School of Beauty Culture Inc-Alliance.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Raphael’s School of Beauty Culture Inc-Alliance.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 25 | $8,974 |
The indicators below describe what the typical debt costs to pay back at Raphael’s School of Beauty Culture Inc-Alliance.
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 Raphael’s School of Beauty Culture Inc-Alliance appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.0% |
| Borrowers in the cohort | 50 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,251 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,250 |
| Continuing-generation students | $5,915 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,682 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Raphael’s School of Beauty Culture Inc-Alliance.
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
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.