by our College Data Analytics TeamMany 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 price tag of going to The Salon Professional Academy can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will TSPA - Nampa offer, and what will you qualify for? Read on for more information. Keep going to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from The Salon Professional Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at The Salon Professional Academy, 61% of first-time, full-time freshmen received some form of financial aid around 59 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,728 |
| Institutional grants & scholarships | 16% | $1,017 |
| Federal Pell grants | 46% | $5,068 |
| State/local grants | 2% | $3,799 |
| Federal student loans | 53% | $5,453 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At TSPA - Nampa, roughly 52% of undergraduates were awarded an average grant or scholarship of $4,882 (across approximately 95 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,882 |
| Federal Pell grants | 47% | $5,115 |
| Federal student loans | 54% | $5,965 |
For students living on campus and receiving title-IV aid, grants averaged $5,452.
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 | $17,291 |
| $30,001 – $75,000 | $18,594 |
| Over $75,000 | $20,263 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,371 |
| Off-campus title-IV students | $18,215 |
To get a personalized net price estimate, try TSPA - Nampa’s official net price calculator: www.tspanampa.com/financial-aid/welcome/net-price-calculator/.
A typical borrower at TSPA - Nampa leaves with $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/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. Use the percentiles below to see the debt range at TSPA - Nampa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,400 |
| 75th percentile | $14,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for TSPA - Nampa.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at TSPA - Nampa:
| Metric | Value |
|---|---|
| Stafford loan recipients | 903 |
| Total Stafford loan amount | $12,295,581 |
References
More about our data sources and methodologies.