by our College Data Analytics TeamThis page focuses on the debt students take on to attend Waynes College of Beauty, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Waynes College of Beauty, 63% of first-year students take on loan debt, at roughly $4,045 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $4,045, equal to roughly 73.5% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Waynes College of Beauty, 47% borrow through federal student loan programs, averaging $4,217 in federal loans per year. It comes to 4.3% above the first-year federal average of $4,045.
Borrowing at that rate every year works out to about $8,434 across two years and $16,868 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $4,217 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $151,827 |
The middle borrower at Waynes College of Beauty owes $4,424 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,424 |
| Students who completed (graduates) | $6,333 |
These figures turn the debt totals into a monthly repayment picture for Waynes College of Beauty.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Waynes College of Beauty follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
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
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?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.