by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Altoona, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at TSPA - Altoona, 86% of new students use loans toward freshman-year expenses, at roughly $8,067 per student, private and federal loans combined.
The average federal loan is $7,556. That is at or past the $5,500 federal first-year limit for 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.
Counting every undergraduate at TSPA - Altoona, 60% finance part of their studies with federal loans, averaging $6,660 a year. This is 11.9% under the $7,556 typical freshmen borrow.
Repeating that yearly amount projects to about $13,320 by year two and around $26,640 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,660 |
| Undergraduates with a federal loan | 71 |
| Total federal loans (one year) | $472,884 |
The middle borrower at TSPA - Altoona owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,666 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for TSPA - Altoona.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $11,179 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at TSPA - Altoona.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $12,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - Altoona.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for TSPA - Altoona appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.2% |
| Borrowers in the cohort | 29 |
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 | $6,333 |
| Middle income | $6,333 |
| High income | $8,028 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at TSPA - Altoona.
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
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.