by our College Data Analytics TeamThis page focuses on the debt students take on to attend Summit Salon Academy - Tampa, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Summit Salon Academy Tampa, 68% of new students use loans toward freshman-year expenses, with a typical loan of $7,225 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $7,225. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Summit Salon Academy Tampa, 53% rely on federal student loans toward their education, for a typical $6,835 annually. This is 5.4% less than the freshman federal average of $7,225.
Carrying that yearly figure forward comes to roughly $13,670 after two years and $27,340 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $6,835 |
| Undergraduates with a federal loan | 176 |
| Total federal loans (one year) | $1,203,032 |
Graduating and withdrawing students at Summit Salon Academy Tampa carry a median federal debt of $7,389 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,389 |
| Students who completed (graduates) | $7,389 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Summit Salon Academy Tampa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,293 |
| 25th percentile | $4,800 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Summit Salon Academy Tampa.
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 Summit Salon Academy Tampa.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 50 | $8,923 |
The indicators below describe what the typical debt costs to pay back at Summit Salon Academy Tampa.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Summit Salon Academy Tampa is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 52 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $7,389 |
| Middle income | $8,842 |
| High income | $9,666 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,389 |
| Continuing-generation students | $7,389 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,666 |
| Independent students | $7,389 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Summit Salon Academy Tampa.
Subsidized vs. 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.
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.