by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to The Avenue Academy, A Cosmetology Institute can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does The Avenue Academy offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from The Avenue Academy, A Cosmetology Institute.
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.
At The Avenue Academy, A Cosmetology Institute, 72% of first-time, full-time freshmen received some form of financial aid around 64 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $7,336 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 65% | $7,336 |
| State/local grants | 0% | — |
| Federal student loans | 52% | $6,996 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At The Avenue Academy, around 68% of the undergraduate population received grant aid that averaged $6,734 (among about 117 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,734 |
| Federal Pell grants | 68% | $6,734 |
| Federal student loans | 54% | $7,839 |
Title-IV recipients living on campus saw average grant aid of $4,250.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,331 |
| $30,001 – $75,000 | $15,310 |
| Over $75,000 | $18,605 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,175 |
| Off-campus title-IV students | $14,819 |
To project your own net price, use The Avenue Academy’s net price calculator: www.theavenueacademy.com/wp-content/uploads/2023/03/index1.html.
A typical borrower at The Avenue Academy leaves with $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,823 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for The Avenue Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at The Avenue Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 236 |
| Total Stafford loan amount | $1,691,562 |
References
More about our data sources and methodologies.