by our College Data Analytics TeamA large number of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at The Salon Professional Academy - Tonawanda can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can TSPA - Tonawanda offer, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from The Salon Professional Academy - Tonawanda.
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.
Looking at the entering class at The Salon Professional Academy - Tonawanda, 78% of new full-time first-years were awarded at least some aid approximately 35 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $3,645 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 58% | $3,494 |
| State/local grants | 2% | $3,911 |
| Federal student loans | 78% | $3,742 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 41% of undergraduates were awarded an average grant or scholarship of $3,861 (for some 103 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $3,861 |
| Federal Pell grants | 37% | $3,778 |
| Federal student loans | 50% | $4,637 |
For on-campus title-IV students, average grant aid came to $2,470.
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 | $15,519 |
| $30,001 – $75,000 | $15,441 |
| Over $75,000 | $19,901 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $18,346 |
| Off-campus title-IV students | $16,391 |
To get a personalized net price estimate, try TSPA - Tonawanda’s official net price calculator: www.tspabuffalo.com/financial-aid/.
Graduating students at TSPA - Tonawanda carry a median federal student debt of $6,333 of federal student 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at TSPA - Tonawanda.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $3,666 |
| 75th percentile | $9,554 |
| 90th percentile (highest-debt students) | $14,891 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,222 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,329 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for TSPA - Tonawanda.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at TSPA - Tonawanda:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1021 |
| Total Stafford loan amount | $7,149,339 |
References
More about our data sources and methodologies.