by our College Data Analytics TeamMany 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 sum total of attendance at Summit Salon Academy - Kokomo can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Summit Salon Academy Kokomo offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Summit Salon Academy - Kokomo.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Summit Salon Academy - Kokomo, 87% of the incoming full-time class was awarded financial aid around 61 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,876 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 57% | $4,876 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $6,158 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 51% of undergrads got grants or scholarships worth on average $4,921 (across approximately 95 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $4,921 |
| Federal Pell grants | 51% | $4,921 |
| Federal student loans | 58% | $7,141 |
For students living on campus and receiving title-IV aid, grants averaged $3,256.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,771 |
| $30,001 – $75,000 | $16,807 |
| Over $75,000 | $20,154 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,739 |
| Off-campus title-IV students | $15,396 |
To project your own net price, use Summit Salon Academy Kokomo’s net price tool: kokomobeautyschool.com/enrollment-application.
The median student at Summit Salon Academy Kokomo graduates with $8,867 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,867 |
| Median federal debt (graduates only) | $8,973 |
| Typical 10-year monthly payment (graduates) | $95.13/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 Summit Salon Academy Kokomo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,982 |
| 75th percentile | $10,550 |
| 90th percentile (highest-debt students) | $14,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,955 |
| Middle income | $8,920 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,954 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,680 |
| Independent students | $8,867 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Summit Salon Academy Kokomo.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Summit Salon Academy Kokomo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 674 |
| Total Stafford loan amount | $5,718,729 |
References
More about our data sources and methodologies.