by our College Data Analytics TeamMost 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 Summit Academy Opportunities Industrialization Center can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does Summit Academy Opportunities Industrialization Center deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Summit Academy Opportunities Industrialization Center.
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.
Among first-time, full-time freshmen at Summit Academy Opportunities Industrialization Center, 100% of the incoming full-time class was awarded financial aid some 461 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,460 |
| Institutional grants & scholarships | 84% | $1,952 |
| Federal Pell grants | 58% | $3,455 |
| State/local grants | 60% | $1,298 |
| Federal student loans | 0% | — |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Summit Academy Opportunities Industrialization Center, some 100% of the undergraduate population received grant aid that averaged $6,137 (for some 771 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,137 |
| Federal Pell grants | 71% | $3,252 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $6,294.
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 | $18,022 |
| $30,001 – $75,000 | $18,086 |
| Over $75,000 | $15,964 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $17,649 |
| Off-campus title-IV students | $17,952 |
For a personalized estimate based on your family’s financial situation, use Summit Academy Opportunities Industrialization Center’s net price tool: www.saoic.org/net-price-calculator.html.
The Department of Education computes summary indicators that describe debt outcomes at a glance. Summit Academy Opportunities Industrialization Center.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Summit Academy Opportunities Industrialization Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 41 |
| Total Stafford loan amount | $196,013 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $11,856 |
| Average GI Bill amount per recipient | $3,952 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.