by our College Data Analytics TeamMost students are not billed 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 total cost of going to Academy of Cosmetology can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financing options does Academy of Cosmetology offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Academy of Cosmetology.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Academy of Cosmetology, 58% of the incoming full-time class was awarded financial aid some 11 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 32% | $5,615 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 32% | $5,615 |
| State/local grants | 0% | — |
| Federal student loans | 47% | $4,837 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Academy of Cosmetology, around 33% of undergraduates were awarded an average grant or scholarship of $4,897 (among about 16 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $4,897 |
| Federal Pell grants | 24% | $5,477 |
| Federal student loans | 59% | $6,264 |
For students living on campus and receiving title-IV aid, grants averaged $3,744.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,890 |
| $30,001 – $75,000 | $15,520 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,663 |
| Off-campus title-IV students | $15,890 |
To get a personalized net price estimate, try Academy of Cosmetology’s online cost calculator: www.academycosmetology.com/admissions.
A typical borrower at Academy of Cosmetology leaves with $6,948 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,948 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Academy of Cosmetology.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Academy of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 201 |
| Total Stafford loan amount | $1,344,874 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $19,015 |
| Average GI Bill amount per recipient | $19,015 |
References
More about our data sources and methodologies.