by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The Professional Hair Design Academy: 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.
For incoming students at PHD Academy, 65% of incoming undergraduates borrow in year one, borrowing on average $10,035 per borrower, covering both private and federal loans.
Federal loans alone average $10,035. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at PHD Academy, 43% use federal student loans to help pay for their education, at an average of $8,868 each per year. This works out to 11.6% lower than the freshman federal average of $10,035.
At a steady annual pace, that totals around $17,736 across two years and $35,472 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $8,868 |
| Undergraduates with a federal loan | 44 |
| Total federal loans (one year) | $390,174 |
The median student at PHD Academy borrows $6,650 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,650 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for PHD Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,946 |
| 75th percentile | $12,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. PHD Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for PHD Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.0% |
| Borrowers in the cohort | 71 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. 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.
Worth Knowing
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.