by our College Data Analytics TeamHere you will find what students actually borrow to attend Summit Salon Academy - Portland, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Summit Salon Academy Portland, 75% of incoming undergraduates borrow in year one, borrowing on average $6,333 per student, private and federal loans combined.
The average federally funded loan is $6,333. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Summit Salon Academy Portland, freshmen included, 64% take out federal student loans, averaging $5,556 per year. This is 12.3% smaller than the first-year federal average of $6,333.
Borrowing at that rate every year works out to about $11,112 after two years and $22,224 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $5,556 |
| Undergraduates with a federal loan | 72 |
| Total federal loans (one year) | $400,000 |
Graduating and withdrawing students at Summit Salon Academy Portland carry a median federal debt of $7,652 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,652 |
| Students who completed (graduates) | $10,512 |
| Students who withdrew | $5,125 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
These figures turn the debt totals into a monthly repayment picture for Summit Salon Academy Portland.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Summit Salon Academy Portland follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.5% |
| Borrowers in the cohort | 27 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,562 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,652 |
Federal data publishes the following gap measures for Summit Salon Academy Portland.
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.