by our College Data Analytics TeamA lot of students are not billed 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 can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can The Salon Professional Academy provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from The Salon Professional Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at The Salon Professional Academy, 21% of first-time, full-time freshmen received some form of financial aid (about 8 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 10% | $6,770 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 10% | $6,770 |
| State/local grants | 0% | — |
| Federal student loans | 21% | $5,010 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 6% of undergrads got grants or scholarships worth on average $5,980 (for some 9 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 6% | $5,980 |
| Federal Pell grants | 6% | $5,980 |
| Federal student loans | 14% | $5,337 |
On-campus students receiving title-IV aid were awarded grants averaging $3,385.
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 | $16,270 |
| Off-campus title-IV students | $16,207 |
For a customized cost estimate, visit The Salon Professional Academy’s net price tool: www.tspacollegeville.com/financial-aid/.
Federal data publishes pre-calculated indicators that summarize debt outcomes. The Salon Professional Academy.
References
More about our data sources and methodologies.