by our College Data Analytics TeamBelow is federal data on the loans students use to pay for VSKI Cosmetology School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at VSKI Cosmetology School, 100% of incoming students take out a loan to help cover first-year costs, averaging $8,412 each — a figure that counts both private and federal student loans.
The average federal loan is $8,412. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at VSKI Cosmetology School, 57% finance part of their studies with federal loans, borrowing on average $5,959 a year. That is 29.2% smaller than the $8,412 borrowed by freshmen.
Borrowing at that rate every year works out to about $11,918 after two years and $23,836 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $5,959 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $143,009 |
The middle borrower at VSKI Cosmetology School owes $8,750 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
The indicators below describe what the typical debt costs to pay back at VSKI Cosmetology School.
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.
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.