by our College Data Analytics TeamHere you will find what students actually borrow to attend Victoria’s Academy of Cosmetology: 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.
Among first-year students at Victoria’s academy, 47% of incoming undergraduates borrow in year one, averaging $7,632 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $7,632. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Victoria’s academy, 50% use federal student loans to help pay for their education, for a typical $7,557 each per year. This is 1.0% smaller than the first-year federal average of $7,632.
Borrowing at that rate every year works out to about $15,114 in two years and roughly $30,228 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $7,557 |
| Undergraduates with a federal loan | 54 |
| Total federal loans (one year) | $408,062 |
Graduating and withdrawing students at Victoria’s academy carry a median federal debt of $7,400 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,400 |
| Students who completed (graduates) | $7,830 |
| Students who withdrew | $4,750 |
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 Victoria’s academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,573 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Victoria’s academy.
Repayment burden translates the debt figures into what a borrower actually pays each month. Victoria’s academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Victoria’s academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.0% |
| Borrowers in the cohort | 47 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,209 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,661 |
| Independent students | $7,830 |
Federal data publishes the following gap measures for Victoria’s academy.
Subsidized vs. 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.
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.