by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Summit Salon Academy - Anderson can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does Summit Salon Academy Anderson deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see how much school funding could be available 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 Summit Salon Academy - Anderson.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Summit Salon Academy - Anderson, 88% of first-time, full-time freshmen received some form of financial aid some 65 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,179 |
| Institutional grants & scholarships | 9% | $1,000 |
| Federal Pell grants | 66% | $5,248 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $5,808 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Summit Salon Academy Anderson, roughly 52% of undergraduate students received gift aid averaging $5,223 (across approximately 109 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $5,223 |
| Federal Pell grants | 51% | $5,124 |
| Federal student loans | 60% | $6,654 |
For students living on campus and receiving title-IV aid, grants averaged $4,234.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,372 |
| $30,001 – $75,000 | $15,374 |
| Over $75,000 | $19,490 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $17,318 |
| Off-campus title-IV students | $16,124 |
To project your own net price, use Summit Salon Academy Anderson’s NPC: www.andersonsalonacademy.com/netpricecalculator.
Graduating students at Summit Salon Academy Anderson carry a median federal student debt of $7,389 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,389 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/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 Summit Salon Academy Anderson.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,278 |
| 25th percentile | $5,500 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $16,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,389 |
| Middle income | $8,245 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,389 |
| Continuing-generation students | $5,917 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Summit Salon Academy Anderson.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Summit Salon Academy Anderson:
| Metric | Value |
|---|---|
| Stafford loan recipients | 936 |
| Total Stafford loan amount | $8,777,664 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $14,977 |
| Average GI Bill amount per recipient | $7,489 |
References
More about our data sources and methodologies.