by our College Data Analytics TeamMost students will never be charged 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 Hair Design - Pearl can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Academy of Hair Design - Pearl offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Academy of Hair Design - Pearl.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Academy of Hair Design - Pearl, 100% of entering full-time freshmen got some type of financial assistance around 12 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,258 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $7,258 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $7,488 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 80% of undergrads got grants or scholarships worth on average $5,952 (across roughly 47 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $5,952 |
| Federal Pell grants | 80% | $5,952 |
| Federal student loans | 69% | $6,409 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,258.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,326 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,468 |
| Off-campus title-IV students | $20,326 |
To project your own net price, use Academy of Hair Design - Pearl’s net price tool: academyofhair.com/NetPriceCalculator/npcalc.htm.
A typical borrower at Academy of Hair Design - Pearl leaves with $6,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $6,500 |
| Typical 10-year monthly payment (graduates) | $68.91/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Academy of Hair Design - Pearl.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,500 |
| 75th percentile | $9,833 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $3,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $4,203 |
The figure below distills the debt data into a single burden category for Academy of Hair Design - Pearl.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Academy of Hair Design - Pearl:
| Metric | Value |
|---|---|
| Stafford loan recipients | 288 |
| Total Stafford loan amount | $1,655,476 |
References
More about our data sources and methodologies.