by our College Data Analytics TeamThis page focuses on the debt students take on to attend Summit Salon Academy Kansas City: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Summit Salon Academy KC specifically, 86% of first-year students take on loan debt, averaging $7,801 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $7,801. 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.
Among all degree-seeking undergrads at Summit Salon Academy KC, 71% borrow through federal student loan programs, with a mean of $7,810 per year. This works out to 0.1% more than the $7,801 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $15,620 in two years and roughly $31,240 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $7,810 |
| Undergraduates with a federal loan | 128 |
| Total federal loans (one year) | $999,725 |
Graduating and withdrawing students at Summit Salon Academy KC carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,938 |
| Students who withdrew | $4,970 |
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 Summit Salon Academy KC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,033 |
| 75th percentile | $13,086 |
The indicators below describe what the typical debt costs to pay back at Summit Salon Academy KC.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Summit Salon Academy KC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.2% |
| Borrowers in the cohort | 77 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $9,667 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,125 |
| Independent students | $12,125 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Summit Salon Academy KC.
Subsidized vs. 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.
Did You Know?
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.