by our College Data Analytics TeamHere you will find what students actually borrow to attend Skin Institute— 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.
Among first-year students at Skin Institute, 37% of new students use loans toward freshman-year expenses, averaging $6,246 per borrower, covering both private and federal loans.
The average federal loan is $6,246. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Skin Institute, 39% take out federal student loans, averaging $6,824 annually. That is 9.3% more than the $6,246 typical freshmen borrow.
At a steady annual pace, that totals around $13,648 over two years and about $27,296 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $6,824 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $375,305 |
Graduating and withdrawing students at Skin Institute carry a median federal debt of $6,895 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,895 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Skin Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,345 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Skin Institute.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Skin Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 8 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,895 |
Federal data publishes the following gap measures for Skin Institute.
Subsidized vs. 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.
Did You Know?
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.