by our College Data Analytics TeamThis page focuses on the debt students take on to attend Salon Professional Academy-Elevate Salon Institute— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Salon Professional Academy-Elevate Salon Institute specifically, 61% of new students use loans toward freshman-year expenses, borrowing on average $4,064 each — a figure that counts both private and federal student loans.
The average federal loan is $4,064, equal to roughly 73.9% of the typical first-year dependent student borrowing cap of $5,500. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Salon Professional Academy-Elevate Salon Institute, 66% rely on federal student loans toward their education, at an average of $5,693 per year. That amounts to 40.1% higher than the $4,064 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $11,386 after two years and $22,772 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $5,693 |
| Undergraduates with a federal loan | 48 |
| Total federal loans (one year) | $273,271 |
Graduating and withdrawing students at Salon Professional Academy-Elevate Salon Institute carry a median federal debt of $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $7,528 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Salon Professional Academy-Elevate Salon Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
How wide this percentile range is tells you how much borrowing varies across students at Salon Professional Academy-Elevate Salon Institute.
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 Salon Professional Academy-Elevate Salon Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 22 | $8,195 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Salon Professional Academy-Elevate Salon Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Salon Professional Academy-Elevate Salon Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 78 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,234 |
| High income | $6,087 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,224 |
| Continuing-generation students | $7,667 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,870 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Salon Professional Academy-Elevate Salon Institute.
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?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.