$4,677

Avg. Federal Grant

$5,777

Avg. Federal Loan

$263,058

Total Aid Awarded

Academy for Salon Professionals Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$263.058K

Financial Aid Official Website

www.academyla.com/

As many as 70% of the students at ASP get some sort of financial aid, and the total amount of assistance/loans provided is more than $395,287 in a year. Notably, a total of 56% of the applicants to Academy for Salon Professionals receive the Federal Grant every year. Meanwhile, 59% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 56% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,099. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Academy for Salon Professionals, the percentage of candidates who opt to avail of student loans is around 59%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,677

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,567

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,059

$30,001 - $48,000

$3,713

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Academy for Salon Professionals

Average Loan Amount Average Loan Amount received per year.

$5,777/Year

Students Taking Out Loans

53%

Loan Default Rate

11.5%

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