How The Salon Professional Academy'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 since 2013.

For that period, the average number of students who received grants aid/scholarships is 58, which is 36.78 % of all undergraduate students. 70 students which is 44.56% of undergraduate students received federal student loans and the average loan amount is $6,852.

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	45 (40%)	$4,072	35 (31%)	$3,798	53 (47%)	$6,811
2014-15	54 (50%)	$4,504	54 (50%)	$4,060	59 (55%)	$6,998
2015-16	66 (45%)	$4,344	66 (45%)	$4,344	89 (61%)	$7,589
2016-17	77 (42%)	$4,542	77 (42%)	$4,542	80 (44%)	$7,654
2017-18	64 (36%)	$5,457	64 (36%)	$5,457	74 (41%)	$7,548
2018-19	73 (43%)	$5,693	73 (43%)	$5,693	96 (57%)	$7,635
2019-20	69 (37%)	$4,917	69 (37%)	$4,917	84 (45%)	$6,419
2020-21	19 (10%)	$5,929	19 (10%)	$5,929	32 (16%)	$5,240
2021-22	54 (28%)	$5,422	54 (28%)	$5,422	66 (35%)	$5,775
Average	58 (36.78%)	$4,987	57 (35.78%)	$4,907	70 (44.56%)	$6,852

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

Overview

For the last 10 years, on average, 46 (48.33 % of students) received grants or scholarships and its average amount is $4,291. It can cover 26.84% of tuition & fees ($15,990).

In addition, 57 (60.78 % of students) students get helped from the students loans (average amount : $6,405).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	33 (47%)	$4,931	52 (74%)	$6,836
2014-15	47 (75%)	$5,175	57 (90%)	$7,244
2015-16	50 (58%)	$4,291	62 (72%)	$7,251
2016-17	63 (55%)	$4,510	68 (59%)	$6,564
2017-18	42 (43%)	$4,772	49 (51%)	$6,824
2018-19	49 (52%)	$4,567	69 (73%)	$6,392
2019-20	57 (46%)	$4,255	71 (57%)	$5,897
2020-21	19 (17%)	$1,691	23 (20%)	$4,996
2021-22	52 (42%)	$4,427	63 (51%)	$5,642
Average	46 (48.33%)	$4,291	57 (60.78%)	$6,405

^*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 10 years, on average, 46 (48.33 % of students) received Pell (federal) grants and its average amount is $4,121.

In addition, 9 students received State/local government grants/scholarships (13.50 % 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	33 (47%)	$3,913	-	-	10 (14%)	$3,359	-	-
2014-15	47 (75%)	$4,665	-	-	8 (13%)	$2,998	-	-
2015-16	50 (58%)	$4,291	-	-	-	-	-	-
2016-17	63 (55%)	$4,510	-	-	-	-	-	-
2017-18	42 (43%)	$4,772	-	-	-	-	-	-
2018-19	49 (52%)	$4,567	-	-	-	-	-	-
2019-20	57 (46%)	$4,255	-	-	-	-	-	-
2020-21	19 (17%)	$1,691	-	-	-	-	-	-
2021-22	52 (42%)	$4,427	-	-	-	-	-	-
Average	46 (48.33%)	$4,121	-	-	9 (13.50%)	$3,179	-	-

^*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 10 years, on average, 57 (60.78 % of students) get any students loan help and its average loan amount is $57.

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	52 (74%)	$6,836	52 (74%)	$6,836	-	-
2014-15	57 (90%)	$7,244	57 (90%)	$7,244	-	-
2015-16	62 (72%)	$7,251	62 (72%)	$7,251	-	-
2016-17	68 (59%)	$6,564	68 (59%)	$6,564	-	-
2017-18	49 (51%)	$6,824	49 (51%)	$6,824	-	-
2018-19	69 (73%)	$6,392	69 (73%)	$6,392	-	-
2019-20	71 (57%)	$5,897	71 (57%)	$5,897	-	-
2020-21	23 (20%)	$4,996	23 (20%)	$4,996	-	-
2021-22	63 (51%)	$5,642	63 (51%)	$5,642	-	-
Average	57 (60.78%)	$6,405	57 (60.78%)	$6,405	-	-

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Scholarships, Grants, and Loan Trends at The Salon Professional Academy

All Undergraduate Students Financial Aid Over Time

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