by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - San Jose: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At TSPA - San Jose specifically, 16% of incoming students take out a loan to help cover first-year costs, with a typical loan of $6,030 per borrower, covering both private and federal loans.
The typical federal loan comes to $6,030. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at TSPA - San Jose (freshmen included), 47% take out federal student loans, borrowing on average $4,953 annually. That amounts to 17.9% less than the freshman federal average of $6,030.
Borrowing at that rate every year works out to about $9,906 in two years and roughly $19,812 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $4,953 |
| Undergraduates with a federal loan | 161 |
| Total federal loans (one year) | $797,421 |
The middle borrower at TSPA - San Jose owes $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,166 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for TSPA - San Jose.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $5,150 |
| 75th percentile | $17,667 |
| 90th percentile (highest-debt students) | $17,667 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at TSPA - San Jose.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for TSPA - San Jose.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $6,065 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - San Jose.
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 | $6,333 |
| Middle income | $6,333 |
| High income | $4,771 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,805 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at TSPA - San Jose.
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.
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.