by our College Data Analytics TeamA lot of 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 total price of attendance at Aspen Beauty Academy of Laurel can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Aspen Beauty Academy of Laurel deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Aspen Beauty Academy of Laurel.
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.
At Aspen Beauty Academy of Laurel, 83% of new full-time first-years were awarded at least some aid some 20 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,807 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,777 |
| State/local grants | 4% | $500 |
| Federal student loans | 79% | $8,183 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 57% of undergraduate students received gift aid averaging $6,593 (across roughly 99 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,593 |
| Federal Pell grants | 57% | $6,318 |
| Federal student loans | 55% | $8,220 |
For on-campus title-IV students, average grant aid came to $5,786.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,624 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,011 |
| Off-campus title-IV students | $10,624 |
To project your own net price, use Aspen Beauty Academy of Laurel’s net price tool: www.aspenlaurel.edu/net-price-calculator-2019/.
The middle student in the debt distribution at Aspen Beauty Academy of Laurel owes $9,833 of federal borrowing.
| 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.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Aspen Beauty Academy of Laurel.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $13,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Aspen Beauty Academy of Laurel.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Aspen Beauty Academy of Laurel:
| Metric | Value |
|---|---|
| Stafford loan recipients | 386 |
| Total Stafford loan amount | $3,577,034 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $70,443 |
| Average GI Bill amount per recipient | $17,611 |
References
More about our data sources and methodologies.