by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Vincennes Beauty College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Vincennes Beauty College, 10% of first-year students take on loan debt, averaging $7,566 each, across private and federal loan sources.
The average federal loan is $7,566. 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.
For undergraduates overall at Vincennes Beauty College, 9% take out federal student loans, for a typical $5,540 annually. That is 26.8% smaller than the freshman federal average of $7,566.
Repeating that yearly amount projects to about $11,080 in two years and roughly $22,160 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 | 9% |
| Average federal loan per year | $5,540 |
| Undergraduates with a federal loan | 5 |
| Total federal loans (one year) | $27,698 |
The median student at Vincennes Beauty College borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Vincennes Beauty College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Vincennes Beauty College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.1% |
| 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.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
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.