by our College Data Analytics TeamHere you will find what students actually borrow to attend Staunton School of Cosmetology, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Staunton School of Cosmetology, 90% of freshmen borrow to help pay for their first year, with a typical loan of $9,027 per borrower, covering both private and federal loans.
The average federal loan is $9,027. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Staunton School of Cosmetology, 81% use federal student loans to help pay for their education, averaging $8,800 each per year. This works out to 2.5% below the $9,027 freshmen take on.
Borrowing at that rate every year works out to about $17,600 by year two and around $35,200 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 81% |
| Average federal loan per year | $8,800 |
| Undergraduates with a federal loan | 26 |
| Total federal loans (one year) | $228,793 |
Graduating and withdrawing students at Staunton School of Cosmetology carry a median federal debt of $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
The indicators below describe what the typical debt costs to pay back at Staunton School of Cosmetology.
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 Staunton School of Cosmetology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 30 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
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.