by our College Data Analytics TeamHere you will find what students actually borrow to attend Summit Salon Academy - Perrysburg— 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.
For incoming students at Summit Salon Academy Perrysburg, 93% of new students use loans toward freshman-year expenses, for an average of $8,407 per student, private and federal loans combined.
The average federal loan is $8,407. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Summit Salon Academy Perrysburg (freshmen included), 40% finance part of their studies with federal loans, averaging $5,864 per year. That is 30.2% lower than the freshman federal average of $8,407.
Carrying that yearly figure forward comes to roughly $11,728 by year two and around $23,456 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 | 40% |
| Average federal loan per year | $5,864 |
| Undergraduates with a federal loan | 78 |
| Total federal loans (one year) | $457,367 |
The middle borrower at Summit Salon Academy Perrysburg owes $7,917 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Summit Salon Academy Perrysburg.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,584 |
| 75th percentile | $12,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Summit Salon Academy Perrysburg.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Summit Salon Academy Perrysburg follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.2% |
| Borrowers in the cohort | 13 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,987 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,542 |
| Independent students | $7,917 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Summit Salon Academy Perrysburg.
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.
Important to Remember
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.