by our College Data Analytics TeamA lot 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 price tag of going to The Salon Professional Academy - Lewisville can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will TSPA - Lewisville offer you, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open 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 - Lewisville.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at The Salon Professional Academy - Lewisville, 61% of the incoming full-time class was awarded financial aid around 40 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,159 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 38% | $5,159 |
| State/local grants | 0% | — |
| Federal student loans | 58% | $6,442 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At TSPA - Lewisville, roughly 34% of undergrads got grants or scholarships worth on average $4,629 (among about 83 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $4,629 |
| Federal Pell grants | 34% | $4,629 |
| Federal student loans | 49% | $5,438 |
For students living on campus and receiving title-IV aid, grants averaged $2,496.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,630 |
| Off-campus title-IV students | $20,920 |
To get a personalized net price estimate, try TSPA - Lewisville’s net price calculator: www.tspadallas.com/financial-aid/welcome/.
The median federal debt load at TSPA - Lewisville comes to $7,917 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/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 four reference points below map the debt distribution at TSPA - Lewisville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,959 |
| 25th percentile | $7,315 |
| 75th percentile | $15,557 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,825 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
The figure below distills the debt data into a single burden category for TSPA - Lewisville.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at TSPA - Lewisville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 778 |
| Total Stafford loan amount | $7,043,934 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $101,560 |
| Average GI Bill amount per recipient | $16,927 |
References
More about our data sources and methodologies.