by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Studio Academy of Beauty: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Studio Academy of Beauty, 80% of freshmen borrow to help pay for their first year, borrowing on average $9,497 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,592. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Studio Academy of Beauty, 84% rely on federal student loans toward their education, borrowing on average $6,113 in federal loans per year. That amounts to 7.3% below the $6,592 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,226 after two years and $24,452 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 84% |
| Average federal loan per year | $6,113 |
| Undergraduates with a federal loan | 951 |
| Total federal loans (one year) | $5,813,853 |
The middle borrower at Studio Academy of Beauty owes $6,160 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,160 |
| Students who completed (graduates) | $6,221 |
| Students who withdrew | $3,134 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Studio Academy of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,655 |
| 25th percentile | $3,667 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $15,063 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Studio Academy of Beauty.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Studio Academy of Beauty.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 146 | $6,138 |
| Completed (graduates) | 116 | $6,292 |
| Did not complete | 30 | $4,071 |
On a standard 10-year plan, the median completing borrower would pay about $74.82/mo.
These figures turn the debt totals into a monthly repayment picture for Studio Academy of Beauty.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Studio Academy of Beauty follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.6% |
| Borrowers in the cohort | 97 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,191 |
| Middle income | $6,160 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,164 |
| Continuing-generation students | $6,160 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,120 |
| Independent students | $6,216 |
Federal data publishes the following gap measures for Studio Academy of Beauty.
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.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.