by our College Data Analytics TeamMost 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 sum total of attendance at The Salon Professional Academy - Colorado Springs can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will TSPA - Colorado Springs offer you, and what will you qualify for? Read on for more information. Scroll down to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from The Salon Professional Academy - Colorado Springs.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At The Salon Professional Academy - Colorado Springs, 96% of entering full-time freshmen got some type of financial assistance (about 50 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $4,387 |
| Institutional grants & scholarships | 15% | $988 |
| Federal Pell grants | 79% | $4,195 |
| State/local grants | 0% | — |
| Federal student loans | 90% | $7,239 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At TSPA - Colorado Springs, roughly 85% of undergraduates were awarded grant or scholarship aid averaging $4,991 (among about 87 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,991 |
| Federal Pell grants | 85% | $4,900 |
| Federal student loans | 93% | $5,308 |
For on-campus title-IV students, average grant aid came to $2,508.
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 | $11,079 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $14,409 |
| Off-campus title-IV students | $11,079 |
To get a personalized net price estimate, try TSPA - Colorado Springs’s net price calculator: www.tspacoloradosprings.com/financial-aid/welcome/.
The median student at TSPA - Colorado Springs graduates 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.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at TSPA - Colorado Springs.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,100 |
| 75th percentile | $10,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
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 | $3,666 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at TSPA - Colorado Springs.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at TSPA - Colorado Springs:
| Metric | Value |
|---|---|
| Stafford loan recipients | 692 |
| Total Stafford loan amount | $5,588,477 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $90,801 |
| Average GI Bill amount per recipient | $6,985 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $33,000 |
| Average DoD amount per recipient | $4,125 |
References
More about our data sources and methodologies.