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 109, which is 52.78 % of all undergraduate students. 125 students which is 60.89% of undergraduate students received federal student loans and the average loan amount is $7,396.

For full-time, first-time beginning students (freshmen), 63.00% of students received grants or scholarships and 74% 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 Tacoma, WA. 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 109, which is 52.78 % of all undergraduate students. 125 students which is 60.89% of undergraduate students received federal student loans and the average loan amount is $7,396.

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	122 (50%)	$4,424	113 (47%)	$4,625	142 (58%)	$10,060
2014-15	120 (53%)	$4,064	117 (51%)	$4,018	130 (57%)	$9,373
2015-16	102 (50%)	$4,178	99 (49%)	$4,098	129 (64%)	$6,928
2016-17	102 (52%)	$4,777	100 (51%)	$4,585	133 (67%)	$7,557
2017-18	87 (50%)	$4,869	85 (49%)	$4,669	109 (62%)	$6,477
2018-19	95 (52%)	$4,889	92 (51%)	$4,878	117 (65%)	$6,675
2019-20	137 (65%)	$3,997	88 (42%)	$5,065	121 (57%)	$7,044
2020-21	145 (70%)	$4,467	110 (53%)	$4,662	146 (71%)	$5,599
2021-22	70 (33%)	$5,666	70 (33%)	$5,533	100 (47%)	$6,849
Average	109 (52.78%)	$4,592	97 (47.33%)	$4,681	125 (60.89%)	$7,396

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

Overview

For the last 10 years, on average, 32 (63.00 % of students) received grants or scholarships and its average amount is $4,837. It can cover 25.86% of tuition & fees ($18,700).

In addition, 39 (73.78 % of students) students get helped from the students loans (average amount : $7,553).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	35 (58%)	$4,731	51 (85%)	$10,102
2014-15	34 (57%)	$4,563	47 (78%)	$10,243
2015-16	31 (63%)	$4,462	39 (80%)	$6,511
2016-17	23 (61%)	$5,097	31 (82%)	$6,658
2017-18	18 (58%)	$5,720	19 (61%)	$6,567
2018-19	34 (64%)	$5,323	43 (81%)	$6,522
2019-20	42 (86%)	$3,043	35 (71%)	$6,829
2020-21	36 (82%)	$5,050	35 (80%)	$5,849
2021-22	39 (38%)	$5,540	47 (46%)	$8,698
Average	32 (63.00%)	$4,837	39 (73.78%)	$7,553

^*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, 29 (55.56 % of students) received Pell (federal) grants and its average amount is $4,868.

In addition, 2 students received State/local government grants/scholarships (4.00 % of students).

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	34 (57%)	$4,840	-	-	-	-	1 (2%)	$1,000
2014-15	34 (57%)	$4,414	3 (5%)	$667	1 (2%)	$1,667	1 (2%)	$1,400
2015-16	30 (61%)	$4,369	8 (16%)	$758	-	-	1 (2%)	$1,200
2016-17	23 (61%)	$4,553	2 (5%)	$800	-	-	2 (5%)	$5,454
2017-18	18 (58%)	$5,024	5 (16%)	$658	2 (6%)	$4,611	-	-
2018-19	34 (64%)	$5,239	3 (6%)	$623	-	-	1 (2%)	$1,000
2019-20	21 (43%)	$4,533	38 (78%)	$859	-	-	-	-
2020-21	27 (61%)	$5,413	30 (68%)	$1,188	-	-	-	-
2021-22	39 (38%)	$5,425	9 (9%)	$500	-	-	-	-
Average	29 (55.56%)	$4,868	12 (25.38%)	$757	2 (4.00%)	$3,139	1 (2.60%)	$2,011

^*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, 39 (73.78 % of students) get any students loan help and its average loan amount is $39.

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	51 (85%)	$10,102	51 (85%)	$10,102	-	-
2014-15	47 (78%)	$10,243	47 (78%)	$10,243	-	-
2015-16	39 (80%)	$6,511	39 (80%)	$6,511	-	-
2016-17	31 (82%)	$6,658	31 (82%)	$6,658	-	-
2017-18	19 (61%)	$6,567	19 (61%)	$6,567	-	-
2018-19	43 (81%)	$6,522	43 (81%)	$6,522	-	-
2019-20	35 (71%)	$6,829	35 (71%)	$6,829	-	-
2020-21	35 (80%)	$5,849	35 (80%)	$5,849	-	-
2021-22	47 (46%)	$8,698	47 (46%)	$8,698	-	-
Average	39 (73.78%)	$7,553	39 (73.78%)	$7,553	-	-

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