by our College Data Analytics TeamA large number of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Summit Salon Academy - Tacoma can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does Summit Salon Academy Tacoma offer, and what will you qualify for? Keep scrolling for more information. Keep reading to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Summit Salon Academy - Tacoma.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Summit Salon Academy - Tacoma, 65% of entering full-time freshmen got some type of financial assistance around 81 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $6,164 |
| Institutional grants & scholarships | 1% | $1,000 |
| Federal Pell grants | 46% | $6,255 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $7,698 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Summit Salon Academy Tacoma, some 43% of undergraduate students received gift aid averaging $5,712 (among about 95 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $5,712 |
| Federal Pell grants | 43% | $5,763 |
| Federal student loans | 50% | $7,786 |
Title-IV recipients living on campus saw average grant aid of $4,402.
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 | $25,018 |
| $30,001 – $75,000 | $25,835 |
| Over $75,000 | $28,698 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $25,471 |
| Off-campus title-IV students | $26,304 |
For an estimate tailored to your family circumstances, see Summit Salon Academy Tacoma’s NPC: summitsalonacademy.edu/net-price-calculator/.
A typical borrower at Summit Salon Academy Tacoma leaves with $8,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,000 |
| Median federal debt (graduates only) | $9,785 |
| Typical 10-year monthly payment (graduates) | $103.74/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Summit Salon Academy Tacoma.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,197 |
| 75th percentile | $14,001 |
| 90th percentile (highest-debt students) | $19,673 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,958 |
| Middle income | $7,916 |
| High income | $11,995 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $8,121 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,125 |
| Independent students | $7,916 |
A handful of calculated indicators summarize the debt outlook at Summit Salon Academy Tacoma.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Summit Salon Academy Tacoma:
| Metric | Value |
|---|---|
| Stafford loan recipients | 918 |
| Total Stafford loan amount | $9,994,037 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $57,673 |
| Average GI Bill amount per recipient | $19,224 |
References
More about our data sources and methodologies.