by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Academy of Salon Professionals can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Academy of Salon Professionals offer you, and what will you qualify for? Read on for more information. Keep reading to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Academy of Salon Professionals.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Academy of Salon Professionals, 52% of first-year full-time students received aid of some kind some 13 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,237 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 44% | $4,237 |
| State/local grants | 0% | — |
| Federal student loans | 52% | $4,864 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 59% of the undergraduate population received grant aid that averaged $6,176 (covering around 54 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $6,176 |
| Federal Pell grants | 58% | $6,028 |
| Federal student loans | 58% | $8,221 |
On-campus students receiving title-IV aid were awarded grants averaging $5,750.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,071 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $13,391 |
| Off-campus title-IV students | $17,245 |
For a customized cost estimate, visit Academy of Salon Professionals’s NPC: academyofsalonprofessionals.com/net-price-calculator.
A typical borrower at Academy of Salon Professionals leaves with $7,917 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Academy of Salon Professionals.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,194 |
| 75th percentile | $15,086 |
These indicators are derived from the underlying debt data and summarize the overall picture at Academy of Salon Professionals.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Academy of Salon Professionals:
| Metric | Value |
|---|---|
| Stafford loan recipients | 228 |
| Total Stafford loan amount | $1,971,181 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $48,000 |
| Average GI Bill amount per recipient | $12,000 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.