by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Aveda Arts & Sciences Institute, Lafayette can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Aveda Arts & Sciences Institute, Lafayette offer, and what will you qualify for? Keep reading for more information. Read on 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 Aveda Arts & Sciences Institute, Lafayette.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Aveda Arts & Sciences Institute, Lafayette, 100% of the incoming full-time class was awarded financial aid around 29 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $5,996 |
| Institutional grants & scholarships | 3% | $22,450 |
| Federal Pell grants | 90% | $5,133 |
| State/local grants | 0% | — |
| Federal student loans | 90% | $7,327 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 56% of undergraduates were awarded grant or scholarship aid averaging $6,751 (across roughly 132 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $6,751 |
| Federal Pell grants | 52% | $6,062 |
| Federal student loans | 62% | $6,797 |
Title-IV recipients living on campus saw average grant aid of $6,911.
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 | $21,777 |
For a customized cost estimate, visit Aveda Arts & Sciences Institute, Lafayette’s online cost calculator: avedaarts.edu/program-information/2019/net-price-calculator/npcalc-lafayette.htm.
The median student at Aveda Arts & Sciences Institute, Lafayette graduates with $7,411 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,411 |
| Median federal debt (graduates only) | $7,916 |
| Typical 10-year monthly payment (graduates) | $83.92/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Aveda Arts & Sciences Institute, Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,998 |
| 25th percentile | $4,750 |
| 75th percentile | $11,444 |
| 90th percentile (highest-debt students) | $13,833 |
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 | $7,916 |
| Middle income | $5,500 |
| High income | $7,427 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,394 |
| Continuing-generation students | $7,666 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,200 |
| Independent students | $7,916 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Aveda Arts & Sciences Institute, Lafayette.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Aveda Arts & Sciences Institute, Lafayette:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1420 |
| Total Stafford loan amount | $10,990,030 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.