by our College Data Analytics TeamMost students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Academy of Hair Design - Oklahoma City can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Academy of Hair Design - Oklahoma City provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Academy of Hair Design - Oklahoma City.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Academy of Hair Design - Oklahoma City, 84% of entering full-time freshmen got some type of financial assistance (about 21 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $5,790 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 72% | $5,790 |
| State/local grants | 0% | — |
| Federal student loans | 84% | $5,777 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 51% of the undergraduate population received grant aid that averaged $5,559 (among about 48 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,559 |
| Federal Pell grants | 51% | $5,559 |
| Federal student loans | 59% | $7,271 |
On-campus students receiving title-IV aid were awarded grants averaging $4,963.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,080 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,005 |
| Off-campus title-IV students | $15,080 |
For a customized cost estimate, visit Academy of Hair Design - Oklahoma City’s NPC: www.academyofhairdesginok.com/.
The middle student in the debt distribution at Academy of Hair Design - Oklahoma City owes $9,833 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $16,500 |
| Typical 10-year monthly payment (graduates) | $174.93/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Academy of Hair Design - Oklahoma City.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $6,111 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,598 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Academy of Hair Design - Oklahoma City.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Academy of Hair Design - Oklahoma City:
| Metric | Value |
|---|---|
| Stafford loan recipients | 487 |
| Total Stafford loan amount | $5,665,117 |
References
More about our data sources and methodologies.