by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The Hair Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at The Hair Academy, 82% of incoming students take out a loan to help cover first-year costs, for an average of $10,008 each, across private and federal loan sources.
On the federal side, the average loan is $10,008. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Counting every undergraduate at The Hair Academy, 50% take out federal student loans, averaging $9,939 in federal loans per year. It comes to 0.7% below the freshman federal average of $10,008.
Repeating that yearly amount projects to about $19,878 across two years and $39,756 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $9,939 |
| Undergraduates with a federal loan | 39 |
| Total federal loans (one year) | $387,633 |
Graduating and withdrawing students at The Hair Academy carry a median federal debt of $10,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,000 |
| Students who completed (graduates) | $11,630 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at The Hair Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,582 |
| 75th percentile | $11,924 |
The indicators below describe what the typical debt costs to pay back at The Hair Academy.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for The Hair Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.8% |
| Borrowers in the cohort | 55 |
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 | $9,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,269 |
| Continuing-generation students | $11,798 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,700 |
| Independent students | $13,178 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at The Hair Academy.
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
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.