by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Robert Fiance Beauty Schools-Perth Amboy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Robert Fiance Beauty Schools-Perth Amboy, 67% of new students use loans toward freshman-year expenses, averaging $6,301 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,301. 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.
Among all degree-seeking undergrads at Robert Fiance Beauty Schools-Perth Amboy, 43% use federal student loans to help pay for their education, at an average of $6,248 each per year. It comes to 0.8% below the freshman federal average of $6,301.
Repeating that yearly amount projects to about $12,496 in two years and roughly $24,992 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,248 |
| Undergraduates with a federal loan | 170 |
| Total federal loans (one year) | $1,062,089 |
Graduating and withdrawing students at Robert Fiance Beauty Schools-Perth Amboy carry a median federal debt of $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,062 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Robert Fiance Beauty Schools-Perth Amboy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,641 |
How wide this percentile range is tells you how much borrowing varies across students at Robert Fiance Beauty Schools-Perth Amboy.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Robert Fiance Beauty Schools-Perth Amboy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $7,142 |
These figures turn the debt totals into a monthly repayment picture for Robert Fiance Beauty Schools-Perth Amboy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Robert Fiance Beauty Schools-Perth Amboy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.1% |
| Borrowers in the cohort | 120 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $7,947 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,581 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Robert Fiance Beauty Schools-Perth Amboy.
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.
Worth Knowing
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.