by our College Data Analytics TeamHere you will find what students actually borrow to attend Tricoci University of Beauty Culture-Chicago NE— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Tricoci CNE, 83% of new students use loans toward freshman-year expenses, averaging $7,873 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $7,873. 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.
Across the full undergraduate body at Tricoci CNE (freshmen included), 67% rely on federal student loans toward their education, borrowing on average $7,260 a year. This is 7.8% lower than the first-year federal average of $7,873.
Repeating that yearly amount projects to about $14,520 by year two and around $29,040 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $7,260 |
| Undergraduates with a federal loan | 173 |
| Total federal loans (one year) | $1,255,955 |
The median student at Tricoci CNE borrows $7,307 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,307 |
| Students who completed (graduates) | $7,307 |
| Students who withdrew | $4,535 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Tricoci CNE.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,653 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $14,985 |
How wide this percentile range is tells you how much borrowing varies across students at Tricoci CNE.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Tricoci CNE.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 79 | $7,781 |
| Completed (graduates) | 58 | $9,685 |
| Did not complete | 21 | $3,400 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $115.16/mo.
The indicators below describe what the typical debt costs to pay back at Tricoci CNE.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Tricoci CNE is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 54 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,307 |
| Middle income | $7,307 |
| High income | $4,230 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,307 |
| Continuing-generation students | $7,307 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,158 |
| Independent students | $7,307 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Tricoci CNE.
The Difference Between 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.