Summit Salon Academy
For-profit College in Anderson, IN. Median 10-year earnings $25,337.
Students who entered Summit Salon Academy reach a median of $25,337 a decade later, a figure that trails the typical four-year outcome. Median debt at graduation is $9,833, a light load against those earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. First-year retention is 78% — the single largest point of attrition on this campus. At 16:1, class sizes land in the normal range for an undergraduate institution. Being a for-profit short-program school is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual. At 210 undergraduates, expect a small, closely-held student body.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 210 degree- or certificate-seeking undergraduates
Net price lands at $16,461 a year on average, neither cheap nor punishing. Income makes less difference than usual: $14,967 at $0–30k, $21,219 at $110k+. 52% of students receive grant aid, averaging $5,223 — common but not automatic. Most students borrow — 60% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 74 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $14,967 |
| $30–48k | $15,238 |
| $48–75k | $17,210 |
| $75–110k | $20,116 |
| $110k+ | $21,219 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 126 of these 210 students, totalling $838,412 — an average of $6,654 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Madison County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
Heightened Cash Monitoring (Financial Responsibility); School placed on Heightened Cash Monitoring
VA GI Bill Comparison Tool (Veterans Affairs GIDS)