by our College Data Analytics TeamA large number of students will not be asked to pay 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 total cost of going to The Salon Professional Academy - Onalaska can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does TSPA - Onalaska offer, and what will you qualify for? Keep scrolling for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at The Salon Professional Academy - Onalaska.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at The Salon Professional Academy - Onalaska, 81% of entering full-time freshmen got some type of financial assistance some 35 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $5,921 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 47% | $5,921 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $5,690 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 42% of undergraduate students received gift aid averaging $5,920 (across roughly 49 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $5,920 |
| Federal Pell grants | 42% | $5,920 |
| Federal student loans | 49% | $8,134 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,972.
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 | $14,260 |
| $30,001 – $75,000 | $15,917 |
| Over $75,000 | $19,396 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,857 |
| Off-campus title-IV students | $16,460 |
To project your own net price, use TSPA - Onalaska’s NPC: test.salonproacademy.com/wp-content/uploads/2022/09/index.html.
The median federal debt load at TSPA - Onalaska comes to $7,917 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $8,374 |
| Typical 10-year monthly payment (graduates) | $88.78/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at TSPA - Onalaska.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $6,333 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
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 | $9,165 |
| Middle income | $6,333 |
| High income | $7,862 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,334 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $7,917 |
A handful of calculated indicators summarize the debt outlook at TSPA - Onalaska.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at TSPA - Onalaska:
| Metric | Value |
|---|---|
| Stafford loan recipients | 621 |
| Total Stafford loan amount | $6,899,548 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $30,405 |
| Average GI Bill amount per recipient | $15,203 |
References
More about our data sources and methodologies.