by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Academy of Salon and Spa can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Academy of Salon & Spa offer, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Academy of Salon and Spa.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Academy of Salon and Spa, 89% of entering full-time freshmen got some type of financial assistance approximately 48 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $4,431 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 89% | $4,431 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $5,626 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Academy of Salon & Spa, some 66% of undergraduates were awarded grant or scholarship aid averaging $5,941 (covering around 77 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,941 |
| Federal Pell grants | 66% | $5,941 |
| Federal student loans | 53% | $6,475 |
For students living on campus and receiving title-IV aid, grants averaged $4,431.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,331 |
| $30,001 – $75,000 | $15,038 |
| Over $75,000 | $16,785 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,252 |
| Off-campus title-IV students | $14,155 |
For a customized cost estimate, visit Academy of Salon & Spa’s net price calculator: www.academysalonspa.com/courses/financial-aid/.
Graduating students at Academy of Salon & Spa carry a median federal student debt of $4,398 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,398 |
| Median federal debt (graduates only) | $4,833 |
| Typical 10-year monthly payment (graduates) | $51.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Academy of Salon & Spa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $16,100 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $3,742 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $4,833 |
A handful of calculated indicators summarize the debt outlook at Academy of Salon & Spa.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Academy of Salon & Spa:
| Metric | Value |
|---|---|
| Stafford loan recipients | 716 |
| Total Stafford loan amount | $5,833,300 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $8,663 |
| Average GI Bill amount per recipient | $8,663 |
References
More about our data sources and methodologies.