by our College Data Analytics TeamHere you will find what students actually borrow to attend Schilling-Douglas School of Hair Design LLC— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Schilling-Douglas School of Hair Design LLC, 100% of first-year students take on loan debt, for an average of $4,354 per borrower, covering both private and federal loans.
Federal loans alone average $4,354, equal to roughly 79.2% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Schilling-Douglas School of Hair Design LLC, 57% finance part of their studies with federal loans, for a typical $6,068 a year. That amounts to 39.4% greater than the $4,354 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,136 over two years and about $24,272 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $6,068 |
| Undergraduates with a federal loan | 162 |
| Total federal loans (one year) | $983,082 |
The median student at Schilling-Douglas School of Hair Design LLC borrows $7,733 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,733 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $3,337 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Schilling-Douglas School of Hair Design LLC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,710 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $13,833 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Schilling-Douglas School of Hair Design LLC.
The indicators below describe what the typical debt costs to pay back at Schilling-Douglas School of Hair Design LLC.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Schilling-Douglas School of Hair Design LLC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 111 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,200 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,666 |
| Independent students | $7,800 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Schilling-Douglas School of Hair Design LLC.
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.
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.