by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Innovate Salon Academy can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Innovate Salon Academy deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Innovate Salon Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Innovate Salon Academy, 70% of entering full-time freshmen got some type of financial assistance (about 83 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $5,621 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 47% | $5,621 |
| State/local grants | 0% | — |
| Federal student loans | 65% | $6,518 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 38% of undergraduates were awarded an average grant or scholarship of $5,277 (across approximately 96 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,277 |
| Federal Pell grants | 38% | $5,269 |
| Federal student loans | 48% | $6,046 |
For students living on campus and receiving title-IV aid, grants averaged $2,455.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,744 |
| Off-campus title-IV students | $24,951 |
For a personalized estimate based on your family’s financial situation, use Innovate Salon Academy’s official net price calculator: www.innovatesalonacademy.com/net-price-calc.html.
A typical borrower at Innovate Salon Academy leaves with $6,333 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Innovate Salon Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $5,277 |
| 75th percentile | $11,758 |
| 90th percentile (highest-debt students) | $13,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $4,786 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,283 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Innovate Salon Academy.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Innovate Salon Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1149 |
| Total Stafford loan amount | $7,963,650 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.