by our College Data Analytics TeamMost students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Innovate Salon Academy can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Innovate Salon Academy deliver, and just what are you going to be eligible for? Read on for answers. Read on to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Innovate Salon Academy.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Innovate Salon Academy, 79% of the incoming full-time class was awarded financial aid some 59 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,562 |
| Institutional grants & scholarships | 28% | $112 |
| Federal Pell grants | 67% | $5,358 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $6,337 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 54% of undergraduate students received gift aid averaging $4,828 (across approximately 231 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,828 |
| Federal Pell grants | 54% | $4,672 |
| Federal student loans | 51% | $6,126 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,105.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $38,617 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $42,607 |
| Off-campus title-IV students | $38,617 |
For an estimate tailored to your family circumstances, see Innovate Salon Academy’s online cost calculator: www.innovatesalonacademy.com/net-price-calc.html.
The median student at Innovate Salon Academy graduates with $6,333 of federal student loans.
| 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.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. 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 |
Debt outcomes are not uniform — they shift with income, first-generation 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Innovate Salon Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Innovate Salon Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1149 |
| Total Stafford loan amount | $7,963,650 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.