by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Georgetown: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At TSPA - Georgetown, 52% of incoming students take out a loan to help cover first-year costs, averaging $6,620 per student, private and federal loans combined.
On the federal side, the average loan is $6,620. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at TSPA - Georgetown, 45% finance part of their studies with federal loans, averaging $7,463 annually. That is 12.7% higher than the $6,620 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $14,926 after two years and $29,852 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $7,463 |
| Undergraduates with a federal loan | 51 |
| Total federal loans (one year) | $380,610 |
The median student at TSPA - Georgetown borrows $7,511 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,511 |
The indicators below describe what the typical debt costs to pay back at TSPA - Georgetown.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,800 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,618 |
| Independent students | $10,667 |
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.