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

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 57, which is 48.89 % of all undergraduate students. 57 students which is 49.33% of undergraduate students received federal student loans and the average loan amount is $6,767.

For full-time, first-time beginning students (freshmen), 62.89% of students received grants or scholarships and 69% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of The Salon Professional Academy. This page describes a school located in Rapid City, SD. You may want to view a school located in another city and/or state on the The Salon Professional Academy locations page.

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 57, which is 48.89 % of all undergraduate students. 57 students which is 49.33% of undergraduate students received federal student loans and the average loan amount is $6,767.

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	68 (39%)	$3,819	68 (39%)	$3,819	72 (42%)	$5,543
2014-15	72 (45%)	$4,407	72 (45%)	$4,407	78 (48%)	$5,734
2015-16	78 (57%)	$4,365	78 (57%)	$4,365	68 (50%)	$7,333
2016-17	56 (46%)	$4,631	56 (46%)	$4,631	66 (54%)	$7,981
2017-18	50 (47%)	$5,347	50 (47%)	$5,347	48 (45%)	$7,048
2018-19	63 (62%)	$5,631	63 (62%)	$5,631	67 (66%)	$9,262
2019-20	36 (38%)	$5,919	36 (38%)	$5,919	43 (46%)	$6,549
2020-21	41 (50%)	$4,158	39 (48%)	$4,275	44 (54%)	$5,655
2021-22	45 (56%)	$3,682	44 (55%)	$3,739	31 (39%)	$5,798
Average	57 (48.89%)	$4,662	56 (48.56%)	$4,681	57 (49.33%)	$6,767

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

Overview

For the last 10 years, on average, 27 (62.89 % of students) received grants or scholarships and its average amount is $4,733. It can cover 29.79% of tuition & fees ($15,885).

In addition, 30 (68.78 % of students) students get helped from the students loans (average amount : $5,877).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	30 (67%)	$3,752	33 (73%)	$3,482
2014-15	52 (74%)	$4,592	56 (80%)	$5,133
2015-16	30 (70%)	$4,460	26 (60%)	$5,765
2016-17	21 (55%)	$4,962	28 (74%)	$6,439
2017-18	23 (72%)	$4,741	18 (56%)	$6,116
2018-19	33 (70%)	$4,728	43 (91%)	$7,570
2019-20	22 (54%)	$5,144	29 (71%)	$6,408
2020-21	19 (48%)	$5,199	22 (55%)	$6,195
2021-22	15 (56%)	$5,015	16 (59%)	$5,786
Average	27 (62.89%)	$4,733	30 (68.78%)	$5,877

^*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, 27 (62.89 % of students) received Pell (federal) grants and its average amount is $4,709.

In addition, 3 students received State/local government grants/scholarships (7.50 % 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	30 (67%)	$3,752	-	-	-	-	-	-
2014-15	52 (74%)	$4,592	-	-	-	-	-	-
2015-16	30 (70%)	$4,460	-	-	-	-	-	-
2016-17	21 (55%)	$4,962	-	-	-	-	-	-
2017-18	23 (72%)	$4,741	-	-	-	-	-	-
2018-19	33 (70%)	$4,728	-	-	-	-	-	-
2019-20	22 (54%)	$5,144	-	-	-	-	-	-
2020-21	19 (48%)	$5,067	-	-	3 (8%)	$833	-	-
2021-22	15 (56%)	$4,938	-	-	2 (7%)	$578	-	-
Average	27 (62.89%)	$4,709	-	-	3 (7.50%)	$706	-	-

^*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, 30 (68.78 % of students) get any students loan help and its average loan amount is $30.

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	33 (73%)	$3,482	33 (73%)	$3,482	-	-
2014-15	56 (80%)	$5,133	56 (80%)	$5,133	-	-
2015-16	26 (60%)	$5,765	26 (60%)	$5,765	-	-
2016-17	28 (74%)	$6,439	28 (74%)	$6,439	-	-
2017-18	18 (56%)	$6,116	18 (56%)	$6,116	-	-
2018-19	43 (91%)	$7,570	43 (91%)	$7,570	-	-
2019-20	29 (71%)	$6,408	29 (71%)	$6,408	-	-
2020-21	22 (55%)	$6,195	22 (55%)	$6,195	-	-
2021-22	16 (59%)	$5,786	16 (59%)	$5,786	-	-
Average	30 (68.78%)	$5,877	30 (68.78%)	$5,877	-	-

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