by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - St Charles: 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 - St Charles specifically, 64% of new students use loans toward freshman-year expenses, for an average of $6,122 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,122. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at TSPA - St Charles (freshmen included), 50% use federal student loans to help pay for their education, averaging $8,130 per year. It comes to 32.8% more than the $6,122 freshmen take on.
Repeating that yearly amount projects to about $16,260 by year two and around $32,520 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $8,130 |
| Undergraduates with a federal loan | 104 |
| Total federal loans (one year) | $845,554 |
Graduating and withdrawing students at TSPA - St Charles carry a median federal debt of $8,243 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,243 |
| Students who completed (graduates) | $8,589 |
| Students who withdrew | $5,124 |
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 - St Charles.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,431 |
| 25th percentile | $4,551 |
| 75th percentile | $9,649 |
| 90th percentile (highest-debt students) | $14,630 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at TSPA - St Charles.
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - St Charles.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for TSPA - St Charles is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.3% |
| Borrowers in the cohort | 15 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,211 |
| Continuing-generation students | $8,285 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for TSPA - St Charles.
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.