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.

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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14122 (50%)$4,424113 (47%)$4,625142 (58%)$10,060
2014-15120 (53%)$4,064117 (51%)$4,018130 (57%)$9,373
2015-16102 (50%)$4,17899 (49%)$4,098129 (64%)$6,928
2016-17102 (52%)$4,777100 (51%)$4,585133 (67%)$7,557
2017-1887 (50%)$4,86985 (49%)$4,669109 (62%)$6,477
2018-1995 (52%)$4,88992 (51%)$4,878117 (65%)$6,675
2019-20137 (65%)$3,99788 (42%)$5,065121 (57%)$7,044
2020-21145 (70%)$4,467110 (53%)$4,662146 (71%)$5,599
2021-2270 (33%)$5,66670 (33%)$5,533100 (47%)$6,849
Average109 (52.78%)$4,59297 (47.33%)$4,681125 (60.89%)$7,396
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1435 (58%)$4,73151 (85%)$10,102
2014-1534 (57%)$4,56347 (78%)$10,243
2015-1631 (63%)$4,46239 (80%)$6,511
2016-1723 (61%)$5,09731 (82%)$6,658
2017-1818 (58%)$5,72019 (61%)$6,567
2018-1934 (64%)$5,32343 (81%)$6,522
2019-2042 (86%)$3,04335 (71%)$6,829
2020-2136 (82%)$5,05035 (80%)$5,849
2021-2239 (38%)$5,54047 (46%)$8,698
Average32 (63.00%)$4,83739 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1434 (57%)$4,840----1 (2%)$1,000
2014-1534 (57%)$4,4143 (5%)$6671 (2%)$1,6671 (2%)$1,400
2015-1630 (61%)$4,3698 (16%)$758--1 (2%)$1,200
2016-1723 (61%)$4,5532 (5%)$800--2 (5%)$5,454
2017-1818 (58%)$5,0245 (16%)$6582 (6%)$4,611--
2018-1934 (64%)$5,2393 (6%)$623--1 (2%)$1,000
2019-2021 (43%)$4,53338 (78%)$859----
2020-2127 (61%)$5,41330 (68%)$1,188----
2021-2239 (38%)$5,4259 (9%)$500----
Average29 (55.56%)$4,86812 (25.38%)$7572 (4.00%)$3,1391 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1451 (85%)$10,10251 (85%)$10,102--
2014-1547 (78%)$10,24347 (78%)$10,243--
2015-1639 (80%)$6,51139 (80%)$6,511--
2016-1731 (82%)$6,65831 (82%)$6,658--
2017-1819 (61%)$6,56719 (61%)$6,567--
2018-1943 (81%)$6,52243 (81%)$6,522--
2019-2035 (71%)$6,82935 (71%)$6,829--
2020-2135 (80%)$5,84935 (80%)$5,849--
2021-2247 (46%)$8,69847 (46%)$8,698--
Average39 (73.78%)$7,55339 (73.78%)$7,553--

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