by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Colorado Springs, 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 - Colorado Springs, 90% of new students use loans toward freshman-year expenses, averaging $7,239 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,239. This meets or exceeds the $5,500 cap on first-year federal borrowing for 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.
Among all degree-seeking undergrads at TSPA - Colorado Springs, 93% borrow through federal student loan programs, at an average of $5,308 each per year. This is 26.7% below the $7,239 freshmen take on.
Borrowing the same amount each year would add up to roughly $10,616 by year two and around $21,232 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 93% |
| Average federal loan per year | $5,308 |
| Undergraduates with a federal loan | 95 |
| Total federal loans (one year) | $504,260 |
The middle borrower at TSPA - Colorado Springs 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 | $4,665 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TSPA - Colorado Springs.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,100 |
| 75th percentile | $10,000 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at TSPA - Colorado Springs.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 24 | $13,328 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - Colorado Springs.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for TSPA - Colorado Springs appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 26.3% |
| Borrowers in the cohort | 19 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at TSPA - Colorado Springs.
The Difference Between 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.
Worth Knowing
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.