by our College Data Analytics TeamA lot of students are not billed 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 Salon Success Academy - West Covina can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Salon Success Academy - West Covina provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Salon Success Academy - West Covina.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Salon Success Academy - West Covina, 88% of first-year full-time students received aid of some kind roughly 15 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,614 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 76% | $5,568 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $6,431 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 49% of undergraduates were awarded grant or scholarship aid averaging $5,018 (across approximately 66 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,018 |
| Federal Pell grants | 49% | $4,907 |
| Federal student loans | 47% | $5,740 |
Title-IV recipients living on campus saw average grant aid of $4,346.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,048 |
| $30,001 – $75,000 | $19,454 |
| Over $75,000 | $20,157 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,928 |
| Off-campus title-IV students | $19,484 |
For a personalized estimate based on your family’s financial situation, use Salon Success Academy - West Covina’s net price tool: www.salonsuccessacademy.com/wp-content/uploads/2021/09/West-Covina.html.
A typical borrower at Salon Success Academy - West Covina leaves with $7,116 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,116 |
| Median federal debt (graduates only) | $7,177 |
| Typical 10-year monthly payment (graduates) | $76.09/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Salon Success Academy - West Covina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,616 |
| 25th percentile | $4,115 |
| 75th percentile | $10,686 |
| 90th percentile (highest-debt students) | $15,518 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,013 |
| Middle income | $7,177 |
| High income | $7,177 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,116 |
| Continuing-generation students | $7,066 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,155 |
| Independent students | $7,141 |
A handful of calculated indicators summarize the debt outlook at Salon Success Academy - West Covina.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Salon Success Academy - West Covina:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1851 |
| Total Stafford loan amount | $14,452,176 |
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.