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.

School Home 2023 Financial Aid

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.

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	66 (40%)	$4,025	64 (39%)	$4,057	76 (46%)	$7,398
2014-15	76 (48%)	$4,189	73 (46%)	$4,116	89 (56%)	$7,178
2015-16	100 (71%)	$4,019	99 (70%)	$3,960	103 (73%)	$8,209
2016-17	100 (61%)	$3,978	100 (61%)	$3,827	114 (70%)	$8,302
2017-18	94 (58%)	$4,353	90 (55%)	$4,098	89 (55%)	$7,874
2018-19	101 (56%)	$4,531	98 (54%)	$4,461	116 (64%)	$7,805
2019-20	97 (54%)	$4,368	93 (51%)	$4,265	107 (59%)	$6,828
2020-21	103 (47%)	$4,792	100 (46%)	$4,726	128 (59%)	$7,423
2021-22	107 (53%)	$4,474	107 (53%)	$4,446	119 (59%)	$6,883
Average	94 (54.22%)	$4,303	92 (52.78%)	$4,217	105 (60.11%)	$7,544

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

Overview

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
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	29 (67%)	$4,504	40 (93%)	$7,465
2014-15	26 (70%)	$4,898	35 (95%)	$6,967
2015-16	31 (89%)	$4,097	34 (97%)	$7,029
2016-17	27 (68%)	$4,860	36 (90%)	$6,164
2017-18	29 (81%)	$4,565	33 (92%)	$6,648
2018-19	32 (70%)	$4,264	40 (87%)	$6,592
2019-20	42 (69%)	$4,369	48 (79%)	$6,401
2020-21	50 (68%)	$4,394	67 (91%)	$6,290
2021-22	42 (71%)	$4,646	49 (83%)	$6,414
Average	34 (72.56%)	$4,511	42 (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.

Grants/Scholarship

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) 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	27 (63%)	$4,615	-	-	-	-	2 (5%)	$3,000
2014-15	25 (68%)	$4,734	-	-	-	-	3 (8%)	$3,000
2015-16	30 (86%)	$3,934	-	-	-	-	3 (9%)	$3,000
2016-17	27 (68%)	$4,474	-	-	-	-	4 (10%)	$2,605
2017-18	26 (72%)	$4,169	-	-	-	-	8 (22%)	$3,000
2018-19	30 (65%)	$4,381	-	-	-	-	5 (11%)	$1,000
2019-20	38 (62%)	$4,592	-	-	-	-	9 (15%)	$1,000
2020-21	47 (64%)	$4,526	-	-	-	-	7 (9%)	$1,000
2021-22	42 (71%)	$4,622	-	-	-	-	1 (2%)	$1,000
Average	32 (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..

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, 42 (89.67 % of students) get any students loan help and its average loan amount is $42.

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	40 (93%)	$7,465	40 (93%)	$7,465	-	-
2014-15	35 (95%)	$6,967	35 (95%)	$6,967	-	-
2015-16	34 (97%)	$7,029	34 (97%)	$7,029	-	-
2016-17	36 (90%)	$6,164	36 (90%)	$6,164	-	-
2017-18	33 (92%)	$6,648	33 (92%)	$6,648	-	-
2018-19	40 (87%)	$6,592	40 (87%)	$6,592	-	-
2019-20	48 (79%)	$6,401	48 (79%)	$6,401	-	-
2020-21	67 (91%)	$6,290	67 (91%)	$6,290	-	-
2021-22	49 (83%)	$6,414	49 (83%)	$6,414	-	-
Average	42 (89.67%)	$6,663	42 (89.67%)	$6,663	-	-

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