The Salon Professional Academy Student Loan Debt

Here you will find what students actually borrow to attend The Salon Professional Academy, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.

Freshman Loans
Average Undergraduate Loans
How Much Students Borrow
How Debt Is Distributed
Repayment Burden
Student Loan Default Rates
Who Borrows the Most
Understanding Student Loans
References

First-Year Borrowing at The Salon Professional Academy

For incoming students at TSPA - Battle Creek, 100% of first-year students take on loan debt, borrowing on average $3,667 per borrower, covering both private and federal loans.

The average federally funded loan is $3,667, which is 66.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.

What All Undergrads Borrow at The Salon Professional Academy

Looking at all undergraduates at TSPA - Battle Creek, freshmen included, 65% use federal student loans to help pay for their education, borrowing on average $5,241 annually. This works out to 42.9% larger than the freshman federal average of $3,667.

Repeating that yearly amount projects to about $10,482 across two years and $20,964 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.

Undergraduate federal borrowing	Value
Share using federal loans	65%
Average federal loan per year	$5,241
Undergraduates with a federal loan	50
Total federal loans (one year)	$262,046

Typical Student Debt at The Salon Professional Academy

The middle borrower at TSPA - Battle Creek owes $6,333 in federal borrowing.

Borrower group	Median federal debt
All federal borrowers	$6,333
Students who completed (graduates)	$6,333
Students who withdrew	$4,750

Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.

The Range of Student Debt at this School

Half of all borrowers fall between the 25th and 75th percentiles shown below for TSPA - Battle Creek.

Percentile	Cumulative Federal Debt
25th percentile	$6,039
75th percentile	$13,000

Estimated Repayment for The Salon Professional Academy

These figures turn the debt totals into a monthly repayment picture for TSPA - Battle Creek.

Estimated standard 10-year payment: $67.14/mo assuming the standard 10-year federal plan
Overall burden tier: Very Low (<$10k)

Loan Default Rates for The Salon Professional Academy

The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for TSPA - Battle Creek is shown below.

Metric	Value
2-year cohort default rate	7.8%
Borrowers in the cohort	38

This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.

Median Debt by Student Group at The Salon Professional Academy

The breakdowns below show median federal debt by income, first-generation status, and dependency.

Median Debt by Income Bracket

Income tier	Median federal debt
Low income	$6,333

Student Loan Basics

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

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.

External Resources

References

More about our data sources and methodologies.