$5,034

Avg. Federal Grant

$7,000

Avg. Federal Loan

$811,545

Total Aid Awarded

Salon Success Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$811.545K

Financial Aid Official Website

www.gotobeautyschool.com/financial-aid.php

Notably, 86% of the students at Salon Success Academy-Upland get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,271,331. At SSAU, the total percentage of applicants who receive the Federal Grant stands at 78%. On the other hand, 78% of the candidates get the Student Grant, while 78% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,822. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 85% of the applicants to Salon Success Academy-Upland opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,034

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,973

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,482

$30,001 - $48,000

$5,270

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Salon Success Academy

Average Loan Amount Average Loan Amount received per year.

$7,000/Year

Students Taking Out Loans

85%

Loan Default Rate

14.5%

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