by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Academy for Salon Professionals, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Academy for Salon Professionals, 45% of incoming undergraduates borrow in year one, averaging $4,927 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $4,927, representing 89.6% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 for Salon Professionals (freshmen included), 51% finance part of their studies with federal loans, borrowing on average $5,410 each per year. That amounts to 9.8% more than the $4,927 freshmen take on.
Borrowing the same amount each year would add up to roughly $10,820 across two years and $21,640 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $5,410 |
| Undergraduates with a federal loan | 128 |
| Total federal loans (one year) | $692,522 |
The middle borrower at Academy for Salon Professionals owes $6,304 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,304 |
| Students who completed (graduates) | $6,333 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Academy for Salon Professionals.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,333 |
| 25th percentile | $3,666 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $10,556 |
How wide this percentile range is tells you how much borrowing varies across students at Academy for Salon Professionals.
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy for Salon Professionals.
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 | $6,063 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Academy for Salon Professionals.
The Difference Between 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.