by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The Salon Professional Academy - Nashville: 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 - Nashville, 29% of incoming students take out a loan to help cover first-year costs, for an average of $9,295 each, across private and federal loan sources.
Federal loans alone average $9,295. 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 - Nashville, 29% use federal student loans to help pay for their education, borrowing on average $9,295 each per year.
Borrowing the same amount each year would add up to roughly $18,590 by year two and around $37,180 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 29% |
| Average federal loan per year | $9,295 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $92,949 |
Graduating and withdrawing students at TSPA - Nashville carry a median federal debt of $9,823 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,823 |
| Students who completed (graduates) | $9,833 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TSPA - Nashville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,818 |
| 75th percentile | $14,489 |
The indicators below describe what the typical debt costs to pay back at TSPA - Nashville.
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 | $9,586 |
| Middle income | $9,833 |
| High income | $8,933 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,823 |
| Continuing-generation students | $9,667 |
Federal data publishes the following gap measures for TSPA - Nashville.
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?
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.