by our College Data Analytics TeamThis page focuses on the debt students take on to attend The Academy of Hair Design Six, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at The Academy of Hair Design Six, 86% of incoming students take out a loan to help cover first-year costs, borrowing on average $9,458 each, across private and federal loan sources.
The typical federal loan comes to $9,458. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at The Academy of Hair Design Six, 65% take out federal student loans, for a typical $7,754 in federal loans per year. This works out to 18.0% less than the first-year federal average of $9,458.
Borrowing the same amount each year would add up to roughly $15,508 after two years and $31,016 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $7,754 |
| Undergraduates with a federal loan | 46 |
| Total federal loans (one year) | $356,668 |
The middle borrower at The Academy of Hair Design Six owes $6,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $2,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for The Academy of Hair Design Six.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $4,250 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,500 |
How wide this percentile range is tells you how much borrowing varies across students at The Academy of Hair Design Six.
Repayment burden translates the debt figures into what a borrower actually pays each month. The Academy of Hair Design Six.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for The Academy of Hair Design Six is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 32 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $6,500 |
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.
Important to Remember
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.