by our College Data Analytics TeamThe majority of students will not be asked to pay 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 cost of going to Aveda Arts & Sciences Institute, Covington can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Aveda Arts & Sciences Institute, Covington provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Aveda Arts & Sciences Institute, Covington.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Aveda Arts & Sciences Institute, Covington, 97% of first-time, full-time freshmen received some form of financial aid some 638 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $6,432 |
| Institutional grants & scholarships | 1% | $9,344 |
| Federal Pell grants | 55% | $6,293 |
| State/local grants | 0% | — |
| Federal student loans | 66% | $7,228 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Aveda Arts & Sciences Institute, Covington, some 65% of the undergraduate population received grant aid that averaged $7,772 (across approximately 2583 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $7,772 |
| Federal Pell grants | 48% | $5,414 |
| Federal student loans | 49% | $7,132 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,379.
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 | $23,120 |
| $30,001 – $75,000 | $23,014 |
| Over $75,000 | $26,715 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $25,742 |
| Off-campus title-IV students | $23,626 |
To project your own net price, use Aveda Arts & Sciences Institute, Covington’s NPC: avedaarts.edu/program-information/2019/net-price-calculator/npcalc-covington.htm.
Graduating students at Aveda Arts & Sciences Institute, Covington carry a median federal student debt of $7,917 of federal borrowing.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Aveda Arts & Sciences Institute, Covington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,004 |
| 25th percentile | $5,500 |
| 75th percentile | $12,754 |
| 90th percentile (highest-debt students) | $16,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High 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 | $6,333 |
| Independent students | $7,917 |
The figure below distills the debt data into a single burden category for Aveda Arts & Sciences Institute, Covington.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Aveda Arts & Sciences Institute, Covington:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18548 |
| Total Stafford loan amount | $172,521,715 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $725,828 |
| Average GI Bill amount per recipient | $16,496 |
References
More about our data sources and methodologies.