by our College Data Analytics TeamA lot of 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 sum total of attendance at Salon Professional Academy-Elevate Salon Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Salon Professional Academy-Elevate Salon Institute offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Salon Professional Academy-Elevate Salon Institute.
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.
Among first-time, full-time freshmen at Salon Professional Academy-Elevate Salon Institute, 61% of first-time, full-time freshmen received some form of financial aid (about 22 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $3,916 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 31% | $3,916 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $4,064 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Salon Professional Academy-Elevate Salon Institute, roughly 33% of undergraduates were awarded an average grant or scholarship of $6,237 (across approximately 24 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $6,237 |
| Federal Pell grants | 33% | $6,237 |
| Federal student loans | 66% | $5,693 |
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,425 |
| $30,001 – $75,000 | $5,959 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $9,405 |
| Off-campus title-IV students | $4,425 |
For an estimate tailored to your family circumstances, see Salon Professional Academy-Elevate Salon Institute’s net price tool: www.esimiamibeach.com/financial-aid.
The middle student in the debt distribution at Salon Professional Academy-Elevate Salon Institute owes $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,528 |
| Typical 10-year monthly payment (graduates) | $79.81/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Salon Professional Academy-Elevate Salon Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,234 |
| High income | $6,087 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,224 |
| Continuing-generation students | $7,667 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,870 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Salon Professional Academy-Elevate Salon Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Salon Professional Academy-Elevate Salon Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1424 |
| Total Stafford loan amount | $10,808,525 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.