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 total price of attendance at Austin’s Beauty College Inc can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does Austin’s Beauty College Inc offer, and what will you qualify for? Keep scrolling for more information. Scroll down to find out 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. The figures below will help you estimate the aid you might receive from Austin’s Beauty College Inc.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Austin’s Beauty College Inc, 88% of entering full-time freshmen got some type of financial assistance around 52 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $6,523 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 83% | $6,523 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $7,772 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 57% of undergraduates were awarded grant or scholarship aid averaging $6,268 (across approximately 78 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,268 |
| Federal Pell grants | 57% | $6,268 |
| Federal student loans | 49% | $7,217 |
Title-IV recipients living on campus saw average grant aid of $6,640.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,305 |
| $30,001 – $75,000 | $16,542 |
| Over $75,000 | $21,437 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,989 |
| Off-campus title-IV students | $10,638 |
To get a personalized net price estimate, try Austin’s Beauty College Inc’s online cost calculator: www.finaid.org/calculators/loanpayments.phtml.
Graduating students at Austin’s Beauty College Inc carry a median federal student debt of $7,917 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,917 |
A handful of calculated indicators summarize the debt outlook at Austin’s Beauty College Inc.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Austin’s Beauty College Inc:
| Metric | Value |
|---|---|
| Stafford loan recipients | 293 |
| Total Stafford loan amount | $2,147,385 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $220,528 |
| Average GI Bill amount per recipient | $15,752 |
References
More about our data sources and methodologies.