The steric interaction potential between colloidal particles imparted by adsorbed polymer layers is directly related to their structure. Due to the complexity of these interfacial structures, the steric potential may behave differently at different interparticle separations. In this study, we proposed a combined model of the equivalent hard-sphere model (EHS) and the Hayter-Penfold/Yukawa model (HPY) to describe the steric potential due to adsorbed homopolymers on colloidal particles. The EHS potential describes the dense train/small-loop region and the HPY potential the more diffuse tail/long-loop region. The steric potential was extracted from the structure factors measured by small-angle neutron scattering (SANS). It was found that this combined model gave better agreement with experimental data than either of its component models alone. This study also shows that the adsorbed polymer layer in a good solvent partially collapses when the layers approach one another, which is also supported by an NMR solvent relaxation study.