by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Ft Myers, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At TSPA - Ft Myers specifically, 42% of incoming undergraduates borrow in year one, at roughly $7,083 each, across private and federal loan sources.
The typical federal loan comes to $7,083. 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 TSPA - Ft Myers, freshmen included, 24% use federal student loans to help pay for their education, with a mean of $7,993 a year. This is 12.8% greater than the $7,083 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $15,986 over two years and about $31,972 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 24% |
| Average federal loan per year | $7,993 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $327,729 |
Graduating and withdrawing students at TSPA - Ft Myers carry a median federal debt of $7,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $9,500 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 TSPA - Ft Myers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,707 |
| 75th percentile | $13,000 |
The indicators below describe what the typical debt costs to pay back at TSPA - Ft Myers.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for TSPA - Ft Myers is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 15 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $12,892 |
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.
Did You Know?
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.