$5,314

Avg. Federal Grant

$7,516

Avg. Federal Loan

$212,956

Total Aid Awarded

Independence College of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$212.956K

Financial Aid Official Website

www.hair-skin-nails.com

It is interesting to note that, every year, around 84% of students at SSAKC receive some kind of financial aid, while the total amount of assistance/loans provided is $307,251. Notably, a total of 74% of the applicants to Summit Salon Academy Kansas City receive the Federal Grant every year. In comparison, 74% of the students get the Student Grant, and 74% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,477. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Summit Salon Academy Kansas City, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$5,314

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,156

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,497

$30,001 - $48,000

N/A

$48,001 - $75,000

$2,770

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Independence College of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$7,516/Year

Students Taking Out Loans

54%

Loan Default Rate

28.9%

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