by our College Data Analytics TeamHere you will find what students actually borrow to attend Salon Success Academy - Redlands, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Salon Success Academy - Redlands, 63% of incoming undergraduates borrow in year one, borrowing on average $6,571 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $6,571. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Salon Success Academy - Redlands, 54% use federal student loans to help pay for their education, averaging $5,444 in federal loans per year. That amounts to 17.2% smaller than the freshman federal average of $6,571.
Borrowing at that rate every year works out to about $10,888 across two years and $21,776 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $5,444 |
| Undergraduates with a federal loan | 230 |
| Total federal loans (one year) | $1,252,084 |
The median student at Salon Success Academy - Redlands borrows $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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 - Redlands.
| 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 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Salon Success Academy - Redlands.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Salon Success Academy - Redlands.
| 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 - Redlands.
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 - Redlands 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 |
By First-Generation Status
| 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 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Salon Success Academy - Redlands.
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.
Worth Knowing
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.