by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price tag of going to Summit Salon Academy - Portland can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Summit Salon Academy Portland deliver, and just what are you going to be eligible for? Keep reading for answers. Read on 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Summit Salon Academy - Portland.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Summit Salon Academy - Portland, 83% of first-year full-time students received aid of some kind (about 66 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,250 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $5,250 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $6,333 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 66% of the undergraduate population received grant aid that averaged $4,428 (across roughly 75 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,428 |
| Federal Pell grants | 66% | $4,295 |
| Federal student loans | 64% | $5,556 |
For on-campus title-IV students, average grant aid came to $4,586.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,163 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $11,362 |
| Off-campus title-IV students | $12,163 |
To get a personalized net price estimate, try Summit Salon Academy Portland’s net price calculator: www.summitsalonacademyportland.com/net-price-calculator/.
A typical borrower at Summit Salon Academy Portland leaves with $7,652 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,652 |
| Median federal debt (graduates only) | $10,512 |
| Typical 10-year monthly payment (graduates) | $111.44/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
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 | $7,562 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,652 |
The figure below distills the debt data into a single burden category for Summit Salon Academy Portland.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Summit Salon Academy Portland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 457 |
| Total Stafford loan amount | $5,480,746 |
References
More about our data sources and methodologies.