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 total price of attendance at The Salon Professional Academy - Washington DC can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will TSPA - Washington DC offer, and what will you qualify for? Read on for more information. Keep going to find out 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. Use the information below to understand how much financial assistance you may get from The Salon Professional Academy - Washington DC.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 - Washington DC, 20% of new full-time first-years were awarded at least some aid (about 15 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 16% | $3,841 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 16% | $3,599 |
| State/local grants | 0% | — |
| Federal student loans | 14% | $4,391 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 17% of undergrads got grants or scholarships worth on average $4,684 (among about 39 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 17% | $4,684 |
| Federal Pell grants | 17% | $4,123 |
| Federal student loans | 17% | $5,880 |
For on-campus title-IV students, average grant aid came to $2,853.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,543 |
| $30,001 – $75,000 | $23,125 |
| Over $75,000 | $26,498 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,528 |
| Off-campus title-IV students | $22,151 |
To get a personalized net price estimate, try TSPA - Washington DC’s online cost calculator: www.tspadc.com/financial-aid/welcome/.
A typical borrower at TSPA - Washington DC leaves with $6,333 of federal borrowing.
| 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at TSPA - Washington DC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $11,179 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $8,028 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,333 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. TSPA - Washington DC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at TSPA - Washington DC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 775 |
| Total Stafford loan amount | $5,587,564 |
References
More about our data sources and methodologies.