by our College Data Analytics TeamMany students are not billed 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 total price of attendance at Salon Institute-Toledo Campus can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Salon Institute-Toledo Campus offer you, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible 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 Salon Institute-Toledo Campus.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Salon Institute-Toledo Campus, 77% of first-year full-time students received aid of some kind (about 37 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $5,345 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 46% | $5,345 |
| State/local grants | 0% | — |
| Federal student loans | 77% | $6,473 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Salon Institute-Toledo Campus, around 33% of the undergraduate population received grant aid that averaged $6,126 (covering around 69 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $6,126 |
| Federal Pell grants | 33% | $6,126 |
| Federal student loans | 53% | $9,803 |
Title-IV recipients living on campus saw average grant aid of $3,027.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,233 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $19,192 |
| Off-campus title-IV students | $17,233 |
To project your own net price, use Salon Institute-Toledo Campus’s net price calculator: www.saloninstitute.edu/net-price-calculator.
A typical borrower at Salon Institute-Toledo Campus leaves with $9,833 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Salon Institute-Toledo Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,912 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
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 | $8,584 |
| Middle income | $10,417 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Salon Institute-Toledo Campus.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Salon Institute-Toledo Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 660 |
| Total Stafford loan amount | $7,100,717 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $38,742 |
| Average GI Bill amount per recipient | $19,371 |
References
More about our data sources and methodologies.