Scholarships, Grants, and Loan Trends at Summit Salon Academy

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 94, which is 54.22 % of all undergraduate students. 105 students which is 60.11% of undergraduate students received federal student loans and the average loan amount is $7,544.
For full-time, first-time beginning students (freshmen), 72.56% of students received grants or scholarships and 90% of students received student loans.
There are multiple same-named institutes of Summit Salon Academy. This page describes a school located in Anderson, IN. You may want to view a school located in another city and/or state on the Summit Salon Academy locations page.

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 since 2013.
For that period, the average number of students who received grants aid/scholarships is 94, which is 54.22 % of all undergraduate students. 105 students which is 60.11% of undergraduate students received federal student loans and the average loan amount is $7,544.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1466 (40%)$4,02564 (39%)$4,05776 (46%)$7,398
2014-1576 (48%)$4,18973 (46%)$4,11689 (56%)$7,178
2015-16100 (71%)$4,01999 (70%)$3,960103 (73%)$8,209
2016-17100 (61%)$3,978100 (61%)$3,827114 (70%)$8,302
2017-1894 (58%)$4,35390 (55%)$4,09889 (55%)$7,874
2018-19101 (56%)$4,53198 (54%)$4,461116 (64%)$7,805
2019-2097 (54%)$4,36893 (51%)$4,265107 (59%)$6,828
2020-21103 (47%)$4,792100 (46%)$4,726128 (59%)$7,423
2021-22107 (53%)$4,474107 (53%)$4,446119 (59%)$6,883
Average94 (54.22%)$4,30392 (52.78%)$4,217105 (60.11%)$7,544

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

For the last 10 years, on average, 34 (72.56 % of students) received grants or scholarships and its average amount is $4,511. It can cover 30.48% of tuition & fees ($14,800).
In addition, 42 (89.67 % of students) students get helped from the students loans (average amount : $6,663).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1429 (67%)$4,50440 (93%)$7,465
2014-1526 (70%)$4,89835 (95%)$6,967
2015-1631 (89%)$4,09734 (97%)$7,029
2016-1727 (68%)$4,86036 (90%)$6,164
2017-1829 (81%)$4,56533 (92%)$6,648
2018-1932 (70%)$4,26440 (87%)$6,592
2019-2042 (69%)$4,36948 (79%)$6,401
2020-2150 (68%)$4,39467 (91%)$6,290
2021-2242 (71%)$4,64649 (83%)$6,414
Average34 (72.56%)$4,51142 (89.67%)$6,663
*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, 32 (68.78 % of students) received Pell (federal) grants and its average amount is $4,450.
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
2013-1427 (63%)$4,615----2 (5%)$3,000
2014-1525 (68%)$4,734----3 (8%)$3,000
2015-1630 (86%)$3,934----3 (9%)$3,000
2016-1727 (68%)$4,474----4 (10%)$2,605
2017-1826 (72%)$4,169----8 (22%)$3,000
2018-1930 (65%)$4,381----5 (11%)$1,000
2019-2038 (62%)$4,592----9 (15%)$1,000
2020-2147 (64%)$4,526----7 (9%)$1,000
2021-2242 (71%)$4,622----1 (2%)$1,000
Average32 (68.78%)$4,450----5 (10.11%)$2,067
*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, 42 (89.67 % of students) get any students loan help and its average loan amount is $42.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1440 (93%)$7,46540 (93%)$7,465--
2014-1535 (95%)$6,96735 (95%)$6,967--
2015-1634 (97%)$7,02934 (97%)$7,029--
2016-1736 (90%)$6,16436 (90%)$6,164--
2017-1833 (92%)$6,64833 (92%)$6,648--
2018-1940 (87%)$6,59240 (87%)$6,592--
2019-2048 (79%)$6,40148 (79%)$6,401--
2020-2167 (91%)$6,29067 (91%)$6,290--
2021-2249 (83%)$6,41449 (83%)$6,414--
Average42 (89.67%)$6,66342 (89.67%)$6,663--
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