by our College Data Analytics TeamHere you will find what students actually borrow to attend Texas College of Cosmetology-Lubbock, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Texas College of Cosmetology-Lubbock, 78% of new students use loans toward freshman-year expenses, for an average of $5,840 per borrower, covering both private and federal loans.
Federal loans alone average $5,840. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Texas College of Cosmetology-Lubbock, 57% rely on federal student loans toward their education, at an average of $4,070 per year. That amounts to 30.3% less than the $5,840 freshmen take on.
Carrying that yearly figure forward comes to roughly $8,140 by year two and around $16,280 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $4,070 |
| Undergraduates with a federal loan | 99 |
| Total federal loans (one year) | $402,937 |
Graduating and withdrawing students at Texas College of Cosmetology-Lubbock carry a median federal debt of $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,394 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The indicators below describe what the typical debt costs to pay back at Texas College of Cosmetology-Lubbock.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Texas College of Cosmetology-Lubbock follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 26.0% |
| Borrowers in the cohort | 73 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,078 |
| Middle income | $4,583 |
| High income | $4,583 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,583 |
| Independent students | $7,499 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Texas College of Cosmetology-Lubbock.
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.
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.