by our College Data Analytics TeamHere you will find what students actually borrow to attend The Salon Professional Academy - Tonawanda, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at TSPA - Tonawanda, 78% of first-year students take on loan debt, for an average of $3,742 per student, private and federal loans combined.
Federal loans alone average $3,742, representing 68.0% of the typical first-year dependent student borrowing cap of $5,500. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at TSPA - Tonawanda, 50% take out federal student loans, with a mean of $4,637 per year. That is 23.9% greater than the first-year federal average of $3,742.
Borrowing at that rate every year works out to about $9,274 after two years and $18,548 by the fourth year. 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 | $4,637 |
| Undergraduates with a federal loan | 125 |
| Total federal loans (one year) | $579,633 |
Graduating and withdrawing students at TSPA - Tonawanda carry a median federal debt of $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TSPA - Tonawanda.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $3,666 |
| 75th percentile | $9,554 |
| 90th percentile (highest-debt students) | $14,891 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at TSPA - Tonawanda.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at TSPA - Tonawanda.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 53 | $7,804 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TSPA - Tonawanda.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for TSPA - Tonawanda appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.8% |
| Borrowers in the cohort | 41 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,222 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,329 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for TSPA - Tonawanda.
Subsidized vs. 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.
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.