by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - North Little Rock: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at TSPA - North Little Rock, 60% of first-year students take on loan debt, borrowing on average $5,903 each, across private and federal loan sources.
The average federal loan is $5,903. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Looking at all undergraduates at TSPA - North Little Rock, freshmen included, 55% use federal student loans to help pay for their education, for a typical $7,316 in federal loans per year. It comes to 23.9% more than the $5,903 freshmen take on.
Carrying that yearly figure forward comes to roughly $14,632 after two years and $29,264 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $7,316 |
| Undergraduates with a federal loan | 89 |
| Total federal loans (one year) | $651,087 |
The median student at TSPA - North Little Rock borrows $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,168 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for TSPA - North Little Rock.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,686 |
| 25th percentile | $6,333 |
| 75th percentile | $10,681 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at TSPA - North Little Rock.
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 TSPA - North Little Rock.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 40 | $6,950 |
The indicators below describe what the typical debt costs to pay back at TSPA - North Little Rock.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,161 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,397 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at TSPA - North Little Rock.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.