by our College Data Analytics TeamMany students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to The Salon Professional Academy - North Little Rock can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can TSPA - North Little Rock offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover how much school funding could be available 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 The Salon Professional Academy - North Little Rock.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At The Salon Professional Academy - North Little Rock, 68% of first-time, full-time freshmen received some form of financial aid roughly 73 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,205 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 48% | $5,205 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $5,903 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At TSPA - North Little Rock, roughly 47% of undergraduates were awarded an average grant or scholarship of $6,045 (across roughly 76 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $6,045 |
| Federal Pell grants | 47% | $6,045 |
| Federal student loans | 55% | $7,316 |
Title-IV recipients living on campus saw average grant aid of $3,637.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,628 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $11,625 |
| Off-campus title-IV students | $12,628 |
For a customized cost estimate, visit TSPA - North Little Rock’s net price tool: www.littlerockbeautyschool.com/financial-aid.
The median federal debt load at TSPA - North Little Rock comes to $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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at TSPA - North Little Rock.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,686 |
| 25th percentile | $6,333 |
| 75th percentile | $10,681 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,161 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,397 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for TSPA - North Little Rock.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at TSPA - North Little Rock:
| Metric | Value |
|---|---|
| Stafford loan recipients | 715 |
| Total Stafford loan amount | $6,298,414 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.