by our College Data Analytics TeamThis page focuses on the debt students take on to attend Salon Success Academy - Corona— 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 Salon Success Academy - Corona, 67% of new students use loans toward freshman-year expenses, borrowing on average $5,477 each, across private and federal loan sources.
The average federal loan is $5,477, equal to roughly 99.6% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Salon Success Academy - Corona, 59% borrow through federal student loan programs, borrowing on average $5,557 each per year. That is 1.5% above the $5,477 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $11,114 across two years and $22,228 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $5,557 |
| Undergraduates with a federal loan | 205 |
| Total federal loans (one year) | $1,139,256 |
Graduating and withdrawing students at Salon Success Academy - Corona carry a median federal debt of $7,176 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,176 |
| Students who completed (graduates) | $7,177 |
| Students who withdrew | $3,588 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Salon Success Academy - Corona.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $6,313 |
| 75th percentile | $13,769 |
| 90th percentile (highest-debt students) | $17,667 |
How wide this percentile range is tells you how much borrowing varies across students at Salon Success Academy - Corona.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Salon Success Academy - Corona.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 82 | $4,878 |
The indicators below describe what the typical debt costs to pay back at Salon Success Academy - Corona.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Salon Success Academy - Corona is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.8% |
| Borrowers in the cohort | 180 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,177 |
| Middle income | $7,177 |
| High income | $4,155 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,177 |
| Continuing-generation students | $4,156 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,156 |
| Independent students | $7,177 |
Federal data publishes the following gap measures for Salon Success Academy - Corona.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
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.