by our College Data Analytics TeamHere you will find what students actually borrow to attend Skin Science Institute— 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 Skin Science Institute specifically, 25% of incoming undergraduates borrow in year one, with a typical loan of $608 per student, private and federal loans combined.
The average federal loan is $608, representing 11.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Skin Science Institute (freshmen included), 15% take out federal student loans, borrowing on average $5,539 per year. This is 811.0% more than the $608 freshmen take on.
Carrying that yearly figure forward comes to roughly $11,078 after two years and $22,156 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 15% |
| Average federal loan per year | $5,539 |
| Undergraduates with a federal loan | 35 |
| Total federal loans (one year) | $193,870 |
The median student at Skin Science Institute borrows $7,667 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $7,667 |
| Students who withdrew | $4,400 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Skin Science Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,923 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $13,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Skin Science Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Skin Science Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 25 | $9,600 |
The indicators below describe what the typical debt costs to pay back at Skin Science Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Skin Science Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 64 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
| Middle income | $7,667 |
| High income | $7,667 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,667 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Skin Science Institute.
The Difference Between 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.