by our College Data Analytics TeamHere you will find what students actually borrow to attend Salon Success Academy - West Covina, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Salon Success Academy - West Covina specifically, 88% of first-year students take on loan debt, averaging $6,431 each, across private and federal loan sources.
The average federal loan is $6,431. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Salon Success Academy - West Covina, 47% rely on federal student loans toward their education, averaging $5,740 annually. This works out to 10.7% smaller than the $6,431 freshmen take on.
Borrowing the same amount each year would add up to roughly $11,480 across two years and $22,960 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $5,740 |
| Undergraduates with a federal loan | 64 |
| Total federal loans (one year) | $367,337 |
Graduating and withdrawing students at Salon Success Academy - West Covina carry a median federal debt of $7,116 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,116 |
| Students who completed (graduates) | $7,177 |
| Students who withdrew | $3,588 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Salon Success Academy - West Covina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,616 |
| 25th percentile | $4,115 |
| 75th percentile | $10,686 |
| 90th percentile (highest-debt students) | $15,518 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Salon Success Academy - West Covina.
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 Success Academy - West Covina.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 55 | $5,389 |
These figures turn the debt totals into a monthly repayment picture for Salon Success Academy - West Covina.
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 Salon Success Academy - West Covina appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.2% |
| Borrowers in the cohort | 122 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $7,013 |
| Middle income | $7,177 |
| High income | $7,177 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,116 |
| Continuing-generation students | $7,066 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,155 |
| Independent students | $7,141 |
Federal data publishes the following gap measures for Salon Success Academy - West Covina.
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.