by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy of Salon and Spa, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Academy of Salon & Spa, 67% of incoming students take out a loan to help cover first-year costs, averaging $5,626 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,626. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Academy of Salon & Spa (freshmen included), 53% finance part of their studies with federal loans, at an average of $6,475 annually. This is 15.1% greater than the $5,626 typical freshmen borrow.
Borrowing at that rate every year works out to about $12,950 in two years and roughly $25,900 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $6,475 |
| Undergraduates with a federal loan | 62 |
| Total federal loans (one year) | $401,455 |
The median student at Academy of Salon & Spa borrows $4,398 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,398 |
| Students who completed (graduates) | $4,833 |
| Students who withdrew | $3,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Academy of Salon & Spa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $16,100 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Academy of Salon & Spa.
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy of Salon & Spa.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Academy of Salon & Spa appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 65 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $3,742 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $4,833 |
Subsidized vs. 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.
Important to Remember
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.