by our College Data Analytics TeamMost students will not be asked to pay 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 total price of attendance at The Salon Professional Academy can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can TSPA - Battle Creek provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from The Salon Professional Academy.
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. 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, 100% of entering full-time freshmen got some type of financial assistance around 5 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,783 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $4,783 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $3,667 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, around 94% of the undergraduate population received grant aid that averaged $3,859 (for some 72 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $3,859 |
| Federal Pell grants | 64% | $5,067 |
| Federal student loans | 65% | $5,241 |
On-campus students receiving title-IV aid were awarded grants averaging $1,849.
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 | $19,365 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $21,073 |
| Off-campus title-IV students | $18,105 |
For an estimate tailored to your family circumstances, see TSPA - Battle Creek’s official net price calculator: www.tspabattlecreek.com/financial-aid/welcome/.
Graduating students at TSPA - Battle Creek carry a median federal student debt of $6,333 in federal 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at TSPA - Battle Creek.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,039 |
| 75th percentile | $13,000 |
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 |
The figure below distills the debt data into a single burden category for TSPA - Battle Creek.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at TSPA - Battle Creek:
| Metric | Value |
|---|---|
| Stafford loan recipients | 438 |
| Total Stafford loan amount | $4,047,890 |
References
More about our data sources and methodologies.