by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Summit Salon Academy Kansas City can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Summit Salon Academy KC deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover 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. Use the information below to understand how much financial assistance you may get from Summit Salon Academy Kansas City.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. 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 Kansas City, 91% of first-year full-time students received aid of some kind around 20 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,372 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $6,372 |
| State/local grants | 0% | — |
| Federal student loans | 86% | $7,801 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Summit Salon Academy KC, approximately 67% of undergraduate students received gift aid averaging $5,647 (across approximately 121 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,647 |
| Federal Pell grants | 67% | $5,647 |
| Federal student loans | 71% | $7,810 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,967.
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 | $19,761 |
| Over $75,000 | $19,101 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $20,947 |
| Off-campus title-IV students | $19,679 |
To get a personalized net price estimate, try Summit Salon Academy KC’s official net price calculator: www.summitsalonacademykc.com/netprice.html.
A typical borrower at Summit Salon Academy KC leaves with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $11,938 |
| Typical 10-year monthly payment (graduates) | $126.56/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 four reference points below map the debt distribution at Summit Salon Academy KC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,033 |
| 75th percentile | $13,086 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,667 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,125 |
| Independent students | $12,125 |
The figure below distills the debt data into a single burden category for Summit Salon Academy KC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Summit Salon Academy KC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 863 |
| Total Stafford loan amount | $7,301,453 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.