by our College Data Analytics TeamHere you will find what students actually borrow to attend Yukon Beauty College Inc, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Yukon Beauty College Inc, 85% of new students use loans toward freshman-year expenses, for an average of $7,064 each, across private and federal loan sources.
The average federal loan is $7,064. 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.
For undergraduates overall at Yukon Beauty College Inc, 64% finance part of their studies with federal loans, with a mean of $8,536 each per year. It comes to 20.8% greater than the $7,064 borrowed by freshmen.
Borrowing at that rate every year works out to about $17,072 after two years and $34,144 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $8,536 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $213,390 |
The middle borrower at Yukon Beauty College Inc owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Yukon Beauty College Inc.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Yukon Beauty College Inc is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.4% |
| Borrowers in the cohort | 22 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The Difference Between Subsidized and 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.