by our College Data Analytics TeamA lot of students are not billed 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 The Salon Professional Academy - Evansville can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can TSPA - Evansville provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from The Salon Professional Academy - Evansville.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at The Salon Professional Academy - Evansville, 30% of the incoming full-time class was awarded financial aid roughly 21 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 24% | $5,170 |
| Institutional grants & scholarships | 7% | $2,200 |
| Federal Pell grants | 21% | $5,126 |
| State/local grants | 0% | — |
| Federal student loans | 25% | $6,758 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 20% of undergraduate students received gift aid averaging $4,869 (across approximately 56 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 20% | $4,869 |
| Federal Pell grants | 19% | $4,771 |
| Federal student loans | 21% | $6,941 |
On-campus students receiving title-IV aid were awarded grants averaging $4,591.
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 | $10,190 |
| $30,001 – $75,000 | $11,610 |
| Over $75,000 | $16,014 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,867 |
| Off-campus title-IV students | $12,738 |
For a personalized estimate based on your family’s financial situation, use TSPA - Evansville’s net price calculator: www.tspaevansville.com/financial-aid/welcome/net-price-calculator/.
The median federal debt load at TSPA - Evansville comes to $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at TSPA - Evansville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,277 |
| 25th percentile | $7,002 |
| 75th percentile | $12,050 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,541 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,792 |
| Independent students | $8,281 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. TSPA - Evansville.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at TSPA - Evansville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 953 |
| Total Stafford loan amount | $8,528,648 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $10,400 |
| Average GI Bill amount per recipient | $10,400 |
References
More about our data sources and methodologies.