$4,741

Avg. Federal Grant

$6,116

Avg. Federal Loan

$267,330

Total Aid Awarded

Black Hills Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$267.330K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 94% of students at TSPA receive some kind of financial aid, while the total amount of assistance/loans provided is $620,555. At TSPA, the total percentage of applicants who receive the Federal Grant stands at 70%. Meanwhile, 70% of the applicants receive the Student Grant, while 70% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,631. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 91% of the applicants to The Salon Professional Academy opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$4,741

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,741

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,402

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Black Hills Beauty College

Average Loan Amount Average Loan Amount received per year.

$6,116/Year

Students Taking Out Loans

56%

Loan Default Rate

9.4%

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