by our College Data Analytics TeamMany students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Salon Boutique Academy can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Salon Boutique Academy deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Salon Boutique Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Salon Boutique Academy, 86% of first-year full-time students received aid of some kind (about 12 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $3,496 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 79% | $3,496 |
| State/local grants | 0% | — |
| Federal student loans | 79% | $5,518 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, about 38% of undergraduates were awarded grant or scholarship aid averaging $4,601 (across approximately 122 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,601 |
| Federal Pell grants | 38% | $4,601 |
| Federal student loans | 40% | $6,074 |
Title-IV recipients living on campus saw average grant aid of $3,349.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,319 |
| $30,001 – $75,000 | $20,862 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,055 |
| Off-campus title-IV students | $20,319 |
For a customized cost estimate, visit Salon Boutique Academy’s NPC: www.salonboutiqueacademy.com/finance.
The middle student in the debt distribution at Salon Boutique Academy owes $7,736 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,736 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Salon Boutique Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,291 |
| 25th percentile | $3,743 |
| 75th percentile | $7,917 |
| 90th percentile (highest-debt students) | $8,233 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,316 |
| Middle income | $7,917 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,316 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,792 |
| Independent students | $7,917 |
These indicators are derived from the underlying debt data and summarize the overall picture at Salon Boutique Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Salon Boutique Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 544 |
| Total Stafford loan amount | $3,594,346 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $13,270 |
| Average GI Bill amount per recipient | $6,635 |
References
More about our data sources and methodologies.