How Summit Salon Academy-Lexington's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Summit Salon Academy-Lexington since 2013.

For that period, the average number of students who received grants aid/scholarships is 110, which is 54.78 % of all undergraduate students. 123 students which is 61.22% of undergraduate students received federal student loans and the average loan amount is $6,509.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	80 (34%)	$5,625	80 (34%)	$5,625	115 (50%)	$8,000
2014-15	121 (45%)	$4,694	121 (45%)	$4,694	127 (47%)	$7,939
2015-16	111 (50%)	$4,254	111 (50%)	$4,254	94 (42%)	$7,087
2016-17	108 (57%)	$4,186	108 (57%)	$4,186	88 (46%)	$7,092
2017-18	119 (80%)	$4,284	119 (80%)	$4,284	137 (92%)	$5,101
2018-19	103 (57%)	$5,581	103 (57%)	$5,581	147 (82%)	$5,955
2019-20	153 (76%)	$5,324	153 (76%)	$5,324	164 (82%)	$6,797
2020-21	85 (45%)	$4,223	85 (45%)	$4,223	99 (52%)	$4,854
2021-22	114 (49%)	$2,850	114 (49%)	$2,850	135 (58%)	$5,755
Average	110 (54.78%)	$4,558	110 (54.78%)	$4,558	123 (61.22%)	$6,509

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

Overview

For the last 10 years, on average, 28 (85.33 % of students) received grants or scholarships and its average amount is $5,268. It can cover 67.54% of tuition & fees ($7,800).

In addition, 28 (86.89 % of students) students get helped from the students loans (average amount : $7,046).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	45 (100%)	$4,267	43 (96%)	$7,500
2014-15	27 (90%)	$4,719	28 (93%)	$7,624
2015-16	21 (95%)	$4,558	21 (95%)	$6,614
2016-17	18 (90%)	$4,930	18 (90%)	$6,438
2017-18	11 (79%)	$5,221	12 (86%)	$6,178
2018-19	16 (84%)	$5,897	16 (84%)	$6,923
2019-20	14 (88%)	$6,016	14 (88%)	$7,390
2020-21	43 (73%)	$5,789	42 (71%)	$7,229
2021-22	53 (69%)	$6,013	61 (79%)	$7,515
Average	28 (85.33%)	$5,268	28 (86.89%)	$7,046

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 28 (85.33 % of students) received Pell (federal) grants and its average amount is $5,268.

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	45 (100%)	$4,267	-	-	-	-	-	-
2014-15	27 (90%)	$4,719	-	-	-	-	-	-
2015-16	21 (95%)	$4,558	-	-	-	-	-	-
2016-17	18 (90%)	$4,930	-	-	-	-	-	-
2017-18	11 (79%)	$5,221	-	-	-	-	-	-
2018-19	16 (84%)	$5,897	-	-	-	-	-	-
2019-20	14 (88%)	$6,016	-	-	-	-	-	-
2020-21	43 (73%)	$5,789	-	-	-	-	-	-
2021-22	53 (69%)	$6,013	-	-	-	-	-	-
Average	28 (85.33%)	$5,268	-	-	-	-	-	-

^*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..

Student Loans

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, 28 (86.89 % of students) get any students loan help and its average loan amount is $28.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	43 (96%)	$7,500	43 (96%)	$7,500	-	-
2014-15	28 (93%)	$7,624	28 (93%)	$7,624	-	-
2015-16	21 (95%)	$6,614	21 (95%)	$6,614	-	-
2016-17	18 (90%)	$6,438	18 (90%)	$6,438	-	-
2017-18	12 (86%)	$6,178	12 (86%)	$6,178	-	-
2018-19	16 (84%)	$6,923	16 (84%)	$6,923	-	-
2019-20	14 (88%)	$7,390	14 (88%)	$7,390	-	-
2020-21	42 (71%)	$7,229	42 (71%)	$7,229	-	-
2021-22	61 (79%)	$7,515	61 (79%)	$7,515	-	-
Average	28 (86.89%)	$7,046	28 (86.89%)	$7,046	-	-

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Scholarships, Grants, and Loan Trends at Summit Salon Academy-Lexington

All Undergraduate Students Financial Aid Over Time

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