by our College Data Analytics TeamHere you will find what students actually borrow to attend Robert Fiance Beauty Schools-North Plainfield, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Robert Fiance Beauty Schools-North Plainfield, 89% of freshmen borrow to help pay for their first year, borrowing on average $6,586 per student, private and federal loans combined.
The average federally funded loan is $6,586. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Robert Fiance Beauty Schools-North Plainfield, 51% take out federal student loans, for a typical $6,332 a year. It comes to 3.9% lower than the first-year federal average of $6,586.
Borrowing at that rate every year works out to about $12,664 across two years and $25,328 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $6,332 |
| Undergraduates with a federal loan | 149 |
| Total federal loans (one year) | $943,494 |
Graduating and withdrawing students at Robert Fiance Beauty Schools-North Plainfield carry a median federal debt of $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,744 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Robert Fiance Beauty Schools-North Plainfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,885 |
| 25th percentile | $4,412 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Robert Fiance Beauty Schools-North Plainfield.
These figures turn the debt totals into a monthly repayment picture for Robert Fiance Beauty Schools-North Plainfield.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Robert Fiance Beauty Schools-North Plainfield is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.2% |
| Borrowers in the cohort | 88 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,825 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,270 |
Federal data publishes the following gap measures for Robert Fiance Beauty Schools-North Plainfield.
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?
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.