Scholarships, Grants, and Loan Trends at Summit Salon Academy

10%

Received Percent Changed

$1,603

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 124, which is 46.56 % of all undergraduate students. 146 students which is 55.22% of undergraduate students received federal student loans and the average loan amount is $6,894.

For full-time, first-time beginning students (freshmen), 53.78% of students received grants or scholarships and 70% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Summit Salon Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 124, which is 46.56 % of all undergraduate students. 146 students which is 55.22% of undergraduate students received federal student loans and the average loan amount is $6,894.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1585 (38%)$3,34284 (37%)$3,250120 (53%)$6,694
2015-16106 (46%)$3,833102 (44%)$3,460128 (55%)$7,058
2016-1797 (45%)$4,02095 (44%)$3,669105 (49%)$7,038
2017-18113 (48%)$4,708105 (45%)$3,992129 (55%)$6,916
2018-19125 (48%)$4,624120 (47%)$4,512139 (54%)$7,268
2019-20129 (51%)$4,698125 (49%)$4,507173 (68%)$7,144
2020-21163 (48%)$5,470157 (46%)$4,843186 (55%)$6,838
2021-22145 (47%)$4,835134 (44%)$4,476167 (54%)$6,242
2022-23152 (48%)$4,945138 (44%)$4,674171 (54%)$6,846
Average124 (46.56%)$4,497118 (44.44%)$4,154146 (55.22%)$6,894
*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.

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

For the last 10 years, on average, 16 (53.78 % of students) received grants or scholarships and its average amount is $5,321. It can cover 30.58% of tuition & fees ($17,400).

In addition, 21 (69.56 % of students) students get helped from the students loans (average amount : $7,667).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1516 (47%)$3,30623 (68%)$7,989
2015-1616 (55%)$4,29824 (83%)$7,409
2016-1710 (43%)$4,89014 (61%)$9,427
2017-189 (50%)$5,28012 (67%)$6,969
2018-1924 (77%)$5,46022 (71%)$8,072
2019-2017 (45%)$7,09429 (76%)$7,915
2020-2118 (62%)$6,13118 (62%)$7,708
2021-2216 (62%)$6,04419 (73%)$6,472
2022-2317 (43%)$5,38626 (65%)$7,040
Average16 (53.78%)$5,32121 (69.56%)$7,667
*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.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 15 (52.22 % of students) received Pell (federal) grants and its average amount is $5,062.

In addition, 1 students received State/local government grants/scholarships (4.67 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1516 (47%)$3,306------
2015-1616 (55%)$4,298------
2016-179 (39%)$4,584--1 (4%)$7,646--
2017-189 (50%)$5,280------
2018-1923 (74%)$5,497--1 (3%)$1,6002 (6%)$1,500
2019-2017 (45%)$6,611--1 (3%)$8,208--
2020-2118 (62%)$5,167--2 (7%)$7,1792 (7%)$1,500
2021-2215 (58%)$5,3782 (8%)$6,5662 (8%)$1,447--
2022-2316 (40%)$5,436--1 (3%)$1,5872 (5%)$1,500
Average15 (52.22%)$5,0622 (8.00%)$6,5661 (4.67%)$4,6112 (6.00%)$1,500
*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.

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, 21 (69.56 % of students) get any students loan help and its average loan amount is $21.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1523 (68%)$7,98923 (68%)$7,989--
2015-1624 (83%)$7,40924 (83%)$7,409--
2016-1714 (61%)$9,42714 (61%)$9,427--
2017-1812 (67%)$6,96912 (67%)$6,969--
2018-1922 (71%)$8,07222 (71%)$8,072--
2019-2029 (76%)$7,91529 (76%)$7,915--
2020-2118 (62%)$7,70818 (62%)$7,708--
2021-2219 (73%)$6,47219 (73%)$6,472--
2022-2326 (65%)$7,04026 (65%)$7,040--
Average21 (69.56%)$7,66721 (69.56%)$7,667--

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