by our College Data Analytics TeamHere 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.
At TSPA - Nampa specifically, 53% of incoming undergraduates borrow in year one, borrowing on average $5,453 each, across private and federal loan sources.
Federal loans alone average $5,453, amounting to 99.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at TSPA - Nampa, 54% take out federal student loans, borrowing on average $5,965 per year. This works out to 9.4% more than the $5,453 typical freshmen borrow.
At a steady annual pace, that totals around $11,930 across two years and $23,860 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $5,965 |
| Undergraduates with a federal loan | 99 |
| Total federal loans (one year) | $590,545 |
Graduating and withdrawing students at TSPA - Nampa carry a median federal debt of $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TSPA - Nampa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,400 |
| 75th percentile | $14,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - Nampa.
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 - Nampa is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 77 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
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
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.
References
More about our data sources and methodologies.