by our College Data Analytics TeamMost students will never be charged 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 Aveda Institute - New Mexico can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Aveda Institute - New Mexico offer you, and what will you qualify for? Keep reading for more information. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Aveda Institute - New Mexico.
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.
Among first-time, full-time freshmen at Aveda Institute - New Mexico, 73% of the incoming full-time class was awarded financial aid (about 96 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $4,237 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 59% | $4,237 |
| State/local grants | 0% | — |
| Federal student loans | 51% | $5,089 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 50% of the undergraduate population received grant aid that averaged $4,762 (for some 119 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,762 |
| Federal Pell grants | 50% | $4,762 |
| Federal student loans | 43% | $5,480 |
On-campus students receiving title-IV aid were awarded grants averaging $4,147.
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 | $15,451 |
| $30,001 – $75,000 | $17,614 |
| Over $75,000 | $20,788 |
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 | $15,607 |
| Off-campus title-IV students | $16,998 |
For a customized cost estimate, visit Aveda Institute - New Mexico’s NPC: www.avedanm.com/npc/npcalc.htm.
The middle student in the debt distribution at Aveda Institute - New Mexico owes $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,000 |
| Typical 10-year monthly payment (graduates) | $74.21/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 percentiles below describe the cumulative federal debt distribution for borrowers at Aveda Institute - New Mexico.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $6,333 |
| 75th percentile | $16,843 |
| 90th percentile (highest-debt students) | $17,667 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,556 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Aveda Institute - New Mexico.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Aveda Institute - New Mexico:
| Metric | Value |
|---|---|
| Stafford loan recipients | 840 |
| Total Stafford loan amount | $7,811,348 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $73,701 |
| Average GI Bill amount per recipient | $18,425 |
References
More about our data sources and methodologies.