$5,280

Avg. Federal Grant

$6,969

Avg. Federal Loan

$532,040

Total Aid Awarded

Summit Salon Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$532.040K

Financial Aid Official Website

summitsalonacademytampa.com/

As many as 90% of the students at SSA get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,010,301 in a year. At SSA, the total percentage of applicants who receive the Federal Grant stands at 74%. In comparison, 77% of the students are awarded the Student Grant, 6% get the Institution Grant, and 74% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,512. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Summit Salon Academy, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,280

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,280

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,920

$30,001 - $48,000

$5,466

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Summit Salon Academy

Average Loan Amount Average Loan Amount received per year.

$6,969/Year

Students Taking Out Loans

67%

Loan Default Rate

25%

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