by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Lewisville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at TSPA - Lewisville, 58% of new students use loans toward freshman-year expenses, borrowing on average $6,442 each, across private and federal loan sources.
The typical federal loan comes to $6,442. 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.
For undergraduates overall at TSPA - Lewisville, 49% take out federal student loans, averaging $5,438 annually. It comes to 15.6% under the $6,442 typical freshmen borrow.
Borrowing at that rate every year works out to about $10,876 across two years and $21,752 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $5,438 |
| Undergraduates with a federal loan | 120 |
| Total federal loans (one year) | $652,506 |
Graduating and withdrawing students at TSPA - Lewisville carry a median federal debt of $7,917 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,263 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TSPA - Lewisville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,959 |
| 25th percentile | $7,315 |
| 75th percentile | $15,557 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at TSPA - Lewisville.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for TSPA - Lewisville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 33 | $8,358 |
The indicators below describe what the typical debt costs to pay back at TSPA - Lewisville.
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 - Lewisville is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.1% |
| Borrowers in the cohort | 42 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,825 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at TSPA - Lewisville.
The Difference Between 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.
Important to Remember
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.