by our College Data Analytics TeamMany 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 total price of attendance at The Salon Professional Academy - Nashville can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can TSPA - Nashville deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from The Salon Professional Academy - Nashville.
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.
Among first-time, full-time freshmen at The Salon Professional Academy - Nashville, 29% of first-time, full-time freshmen received some form of financial aid (about 10 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 23% | $5,114 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 23% | $5,114 |
| State/local grants | 0% | — |
| Federal student loans | 29% | $9,295 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At TSPA - Nashville, approximately 23% of undergraduate students received gift aid averaging $5,114 (for some 8 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 23% | $5,114 |
| Federal Pell grants | 23% | $5,114 |
| Federal student loans | 29% | $9,295 |
For on-campus title-IV students, average grant aid came to $4,091.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,347 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $12,103 |
| Off-campus title-IV students | $13,347 |
To get a personalized net price estimate, try TSPA - Nashville’s official net price calculator: www.nashvillebeautyschool.com/enrollment/?select_box=1&CourseSelectionProcess=.
The middle student in the debt distribution at TSPA - Nashville owes $9,823 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,823 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at TSPA - Nashville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,818 |
| 75th percentile | $14,489 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,586 |
| Middle income | $9,833 |
| High income | $8,933 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,823 |
| Continuing-generation students | $9,667 |
These indicators are derived from the underlying debt data and summarize the overall picture at TSPA - Nashville.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at TSPA - Nashville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 312 |
| Total Stafford loan amount | $2,991,482 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.