by our College Data Analytics TeamHere you will find what students actually borrow to attend Sandra Academy of Salon Services, Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Sandra Academy of Salon Services, Inc, 88% of first-year students take on loan debt, at roughly $7,249 per student, private and federal loans combined.
The average federal loan is $7,249. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Sandra Academy of Salon Services, Inc, freshmen included, 37% use federal student loans to help pay for their education, at an average of $7,015 each per year. This works out to 3.2% less than the freshman federal average of $7,249.
Borrowing at that rate every year works out to about $14,030 by year two and around $28,060 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 37% |
| Average federal loan per year | $7,015 |
| Undergraduates with a federal loan | 31 |
| Total federal loans (one year) | $217,456 |
The middle borrower at Sandra Academy of Salon Services, Inc owes $7,910 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,910 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Sandra Academy of Salon Services, Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,014 |
| 75th percentile | $5,892 |
These figures turn the debt totals into a monthly repayment picture for Sandra Academy of Salon Services, Inc.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
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
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.