by our College Data Analytics TeamBelow is federal data on the loans students use to pay for International Salon and Spa Academy— 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.
At International Salon and Spa Academy specifically, 60% of incoming students take out a loan to help cover first-year costs, with a typical loan of $5,674 per borrower, covering both private and federal loans.
The average federally funded loan is $5,674. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at International Salon and Spa Academy, 53% rely on federal student loans toward their education, for a typical $5,386 in federal loans per year. This is 5.1% less than the $5,674 freshmen take on.
Borrowing the same amount each year would add up to roughly $10,772 after two years and $21,544 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 | 53% |
| Average federal loan per year | $5,386 |
| Undergraduates with a federal loan | 228 |
| Total federal loans (one year) | $1,227,985 |
The median student at International Salon and Spa Academy borrows $5,117 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,117 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,366 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at International Salon and Spa Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,108 |
| 25th percentile | $3,325 |
| 75th percentile | $6,650 |
| 90th percentile (highest-debt students) | $10,333 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at International Salon and Spa Academy.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at International Salon and Spa Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 21 | $6,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. International Salon and Spa Academy.
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 International Salon and Spa Academy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.0% |
| Borrowers in the cohort | 164 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
| Middle income | $6,333 |
| High income | $3,899 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,750 |
| Continuing-generation students | $5,660 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,936 |
| Independent students | $6,106 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at International Salon and Spa Academy.
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
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.