How TSPA's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at The Salon Professional Academy-Rochester since 2013.

For that period, the average number of students who received grants aid/scholarships is 31, which is 66.20 % of all undergraduate students. 25 students which is 56.80% of undergraduate students received federal student loans and the average loan amount is $7,837.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	48 (67%)	$3,971	41 (57%)	$3,476	32 (44%)	$6,337
2014-15	36 (63%)	$5,264	34 (60%)	$4,492	34 (60%)	$8,646
2015-16	19 (56%)	$5,212	15 (44%)	$4,791	20 (59%)	$8,768
2016-17	11 (50%)	$6,411	9 (41%)	$4,213	14 (64%)	$7,047
2017-18	42 (95%)	$3,445	19 (43%)	$4,634	25 (57%)	$8,386
Average	31 (66.20%)	$4,861	24 (49.00%)	$4,321	25 (56.80%)	$7,837

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 6 years, on average, 12 (84.80 % of students) received grants or scholarships and its average amount is $4,671. It can cover 29.56% of tuition & fees ($15,800).

In addition, 10 (77.60 % of students) students get helped from the students loans (average amount : $8,845).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	26 (87%)	$4,583	19 (63%)	$5,688
2014-15	7 (100%)	$5,522	7 (100%)	$8,673
2015-16	6 (75%)	$4,663	8 (100%)	$9,335
2016-17	11 (79%)	$4,223	7 (50%)	$10,989
2017-18	10 (83%)	$4,364	9 (75%)	$9,539
Average	12 (84.80%)	$4,671	10 (77.60%)	$8,845

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 6 years, on average, 10 (69.40 % of students) received Pell (federal) grants and its average amount is $4,151.

In addition, 9 students received State/local government grants/scholarships (61.80 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	25 (83%)	$3,486	-	-	21 (70%)	$1,524	-	-
2014-15	7 (100%)	$4,495	-	-	7 (100%)	$1,027	-	-
2015-16	4 (50%)	$5,053	-	-	5 (63%)	$1,553	-	-
2016-17	9 (64%)	$2,135	-	-	6 (43%)	$3,206	6 (43%)	$1,333
2017-18	6 (50%)	$5,586	-	-	4 (33%)	$2,531	-	-
Average	10 (69.40%)	$4,151	-	-	9 (61.80%)	$1,968	6 (43.00%)	$1,333

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 6 years, on average, 10 (77.60 % of students) get any students loan help and its average loan amount is $10.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	19 (63%)	$5,688	18 (60%)	$5,588	1 (3%)	$7,500
2014-15	7 (100%)	$8,673	6 (86%)	$8,868	1 (14%)	$7,500
2015-16	8 (100%)	$9,335	6 (75%)	$8,947	3 (38%)	$7,000
2016-17	7 (50%)	$10,989	7 (50%)	$7,775	3 (21%)	$7,500
2017-18	9 (75%)	$9,539	9 (75%)	$8,705	1 (8%)	$7,500
Average	10 (77.60%)	$8,845	9 (69.20%)	$7,977	2 (16.80%)	$7,400

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Scholarships, Grants, and Loan Trends at TSPA

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time