by our College Data Analytics TeamHere you will find what students actually borrow to attend Raphael’s School of Beauty Culture Inc-Boardman: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Raphael’s School of Beauty Culture Inc-Boardman, 72% of new students use loans toward freshman-year expenses, averaging $6,674 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,674. This meets or exceeds the $5,500 cap on first-year federal borrowing 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 Raphael’s School of Beauty Culture Inc-Boardman, 50% finance part of their studies with federal loans, for a typical $7,004 in federal loans per year. This is 4.9% higher than the $6,674 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $14,008 across two years and $28,016 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 | 50% |
| Average federal loan per year | $7,004 |
| Undergraduates with a federal loan | 105 |
| Total federal loans (one year) | $735,431 |
The median student at Raphael’s School of Beauty Culture Inc-Boardman borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $6,251 |
| Students who withdrew | $3,126 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Raphael’s School of Beauty Culture Inc-Boardman.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,750 |
| 75th percentile | $9,012 |
| 90th percentile (highest-debt students) | $11,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Raphael’s School of Beauty Culture Inc-Boardman.
These figures turn the debt totals into a monthly repayment picture for Raphael’s School of Beauty Culture Inc-Boardman.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Raphael’s School of Beauty Culture Inc-Boardman appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 34 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,877 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,268 |
| Independent students | $6,251 |
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.
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.