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.