by our College Data Analytics TeamThe majority of 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 price tag of going to American Beauty Academy can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can American Beauty Academy deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out 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 American Beauty Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at American Beauty Academy, 44% of the incoming full-time class was awarded financial aid (about 7 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,708 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 38% | $5,708 |
| State/local grants | 0% | — |
| Federal student loans | 38% | $5,558 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At American Beauty Academy, roughly 56% of undergraduate students received gift aid averaging $4,346 (across roughly 18 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $4,346 |
| Federal Pell grants | 56% | $4,346 |
| Federal student loans | 66% | $5,281 |
On-campus students receiving title-IV aid were awarded grants averaging $5,708.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,055 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,255 |
| Off-campus title-IV students | $11,055 |
For an estimate tailored to your family circumstances, see American Beauty Academy’s online cost calculator: www.americanbeauty.edu//courses/cosmetology.
A typical borrower at American Beauty Academy leaves with $5,651 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,651 |
| Median federal debt (graduates only) | $10,060 |
| Typical 10-year monthly payment (graduates) | $106.65/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at American Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,134 |
| 75th percentile | $9,952 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,360 |
| Independent students | $6,441 |
The figure below distills the debt data into a single burden category for American Beauty Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at American Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 388 |
| Total Stafford loan amount | $3,068,802 |
References
More about our data sources and methodologies.