by our College Data Analytics TeamA lot of students will not be asked to pay 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 sum total of attendance at Salon & Spa Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Salon & Spa Institute offer, and what will you qualify for? Keep reading for more information. Keep reading to see what amount of financial assistance could be accessible 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 Salon & Spa Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Salon & Spa Institute, 50% of entering full-time freshmen got some type of financial assistance some 1 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $3,698 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $3,698 |
| State/local grants | 0% | — |
| Federal student loans | 50% | $3,827 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Salon & Spa Institute, about 30% of undergraduates were awarded grant or scholarship aid averaging $3,598 (across approximately 40 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 30% | $3,598 |
| Federal Pell grants | 30% | $3,598 |
| Federal student loans | 30% | $4,344 |
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 | $12,372 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The middle student in the debt distribution at Salon & Spa Institute owes $7,282 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,282 |
| Median federal debt (graduates only) | $8,212 |
| Typical 10-year monthly payment (graduates) | $87.06/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 percentiles below describe the cumulative federal debt distribution for borrowers at Salon & Spa Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,884 |
| 25th percentile | $4,958 |
| 75th percentile | $12,042 |
| 90th percentile (highest-debt students) | $15,000 |
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 | $7,137 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,777 |
| Independent students | $7,917 |
These indicators are derived from the underlying debt data and summarize the overall picture at Salon & Spa Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Salon & Spa Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 668 |
| Total Stafford loan amount | $5,756,680 |
References
More about our data sources and methodologies.