by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Toni & Guy Hairdressing Academy-Worcester: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Toni & Guy Hairdressing Academy-Worcester, 74% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,229 per student, private and federal loans combined.
On the federal side, the average loan is $7,229. 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.
Among all degree-seeking undergrads at Toni & Guy Hairdressing Academy-Worcester, 73% finance part of their studies with federal loans, at an average of $5,386 per year. That is 25.5% under the first-year federal average of $7,229.
Repeating that yearly amount projects to about $10,772 in two years and roughly $21,544 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $5,386 |
| Undergraduates with a federal loan | 238 |
| Total federal loans (one year) | $1,281,817 |
The middle borrower at Toni & Guy Hairdressing Academy-Worcester owes $6,222 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,222 |
| Students who completed (graduates) | $6,222 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Toni & Guy Hairdressing Academy-Worcester.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,462 |
| 25th percentile | $6,222 |
| 75th percentile | $10,667 |
| 90th percentile (highest-debt students) | $10,667 |
How wide this percentile range is tells you how much borrowing varies across students at Toni & Guy Hairdressing Academy-Worcester.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Toni & Guy Hairdressing Academy-Worcester.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 142 | $9,302 |
These figures turn the debt totals into a monthly repayment picture for Toni & Guy Hairdressing Academy-Worcester.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Toni & Guy Hairdressing Academy-Worcester follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.3% |
| Borrowers in the cohort | 24 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,074 |
| Middle income | $6,222 |
| High income | $6,222 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $10,667 |
Federal data publishes the following gap measures for Toni & Guy Hairdressing Academy-Worcester.
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.
Did You Know?
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.