by our College Data Analytics TeamThis page focuses on the debt students take on to attend Steven Papageorge Hair Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Steven Papageorge Hair Academy, 40% of first-year students take on loan debt, borrowing on average $9,402 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $9,402. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Steven Papageorge Hair Academy, freshmen included, 31% use federal student loans to help pay for their education, for a typical $5,104 per year. This is 45.7% below the first-year federal average of $9,402.
At a steady annual pace, that totals around $10,208 over two years and about $20,416 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $5,104 |
| Undergraduates with a federal loan | 21 |
| Total federal loans (one year) | $107,181 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Steven Papageorge Hair Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Steven Papageorge Hair Academy.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Steven Papageorge Hair Academy appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.6% |
| Borrowers in the cohort | 43 |
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
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.