by our College Data Analytics TeamA large number 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 total cost of going to The Salon Professional Academy - Altoona can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financing options does TSPA - Altoona offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from The Salon Professional Academy - Altoona.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at The Salon Professional Academy - Altoona, 89% of first-year full-time students received aid of some kind some 39 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $7,592 |
| Institutional grants & scholarships | 9% | $2,250 |
| Federal Pell grants | 64% | $6,591 |
| State/local grants | 7% | $3,250 |
| Federal student loans | 86% | $7,556 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 43% of undergrads got grants or scholarships worth on average $7,041 (covering around 51 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $7,041 |
| Federal Pell grants | 42% | $6,101 |
| Federal student loans | 60% | $6,660 |
For on-campus title-IV students, average grant aid came to $5,645.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,383 |
| $30,001 – $75,000 | $20,038 |
| Over $75,000 | $23,833 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,796 |
| Off-campus title-IV students | $20,959 |
For a customized cost estimate, visit TSPA - Altoona’s NPC: www.tspaaltoona.com/financial-aid/welcome/.
A typical borrower at TSPA - Altoona 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure 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 TSPA - Altoona.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $11,179 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $8,028 |
First-Gen vs Continuing-Gen Median Debt
| 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 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. TSPA - Altoona.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at TSPA - Altoona:
| Metric | Value |
|---|---|
| Stafford loan recipients | 775 |
| Total Stafford loan amount | $5,587,564 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $14,302 |
| Average GI Bill amount per recipient | $14,302 |
References
More about our data sources and methodologies.