by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School: 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.
At Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School, 80% of incoming undergraduates borrow in year one, for an average of $7,010 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,010. This meets or exceeds the $5,500 cap on first-year federal borrowing for 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 Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School, 83% finance part of their studies with federal loans, averaging $6,867 annually. That is 2.0% under the freshman federal average of $7,010.
Borrowing at that rate every year works out to about $13,734 by year two and around $27,468 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 83% |
| Average federal loan per year | $6,867 |
| Undergraduates with a federal loan | 65 |
| Total federal loans (one year) | $446,335 |
Graduating and withdrawing students at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $10,556 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,990 |
| 25th percentile | $5,585 |
| 75th percentile | $13,667 |
| 90th percentile (highest-debt students) | $17,667 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
The indicators below describe what the typical debt costs to pay back at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 1 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,536 |
| Middle income | $10,302 |
| High income | $10,556 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,701 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,028 |
| Independent students | $10,550 |
Federal data publishes the following gap measures for Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
The Difference Between Subsidized and 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.
Important to Remember
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.