by our College Data Analytics TeamThis page focuses on the debt students take on to attend Raphael’s School of Beauty Culture Inc-Niles: 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.
Looking at the entering class at Raphael’s School of Beauty Culture Inc-Niles, 85% of new students use loans toward freshman-year expenses, borrowing on average $7,930 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $7,930. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Raphael’s School of Beauty Culture Inc-Niles, 68% rely on federal student loans toward their education, borrowing on average $8,032 a year. That is 1.3% above the first-year federal average of $7,930.
Borrowing at that rate every year works out to about $16,064 by year two and around $32,128 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $8,032 |
| Undergraduates with a federal loan | 154 |
| Total federal loans (one year) | $1,236,914 |
The middle borrower at Raphael’s School of Beauty Culture Inc-Niles owes $6,251 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,251 |
| Students who completed (graduates) | $7,538 |
| Students who withdrew | $3,788 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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-Niles.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,750 |
| 75th percentile | $8,990 |
| 90th percentile (highest-debt students) | $11,000 |
How wide this percentile range is tells you how much borrowing varies across students at Raphael’s School of Beauty Culture Inc-Niles.
The indicators below describe what the typical debt costs to pay back at Raphael’s School of Beauty Culture Inc-Niles.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Raphael’s School of Beauty Culture Inc-Niles is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 112 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,251 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,251 |
| Continuing-generation students | $7,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,311 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Raphael’s School of Beauty Culture Inc-Niles.
Subsidized vs. 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.