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 price of attendance at BJ’s Beauty & Barber College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does BJ’s Beauty & Barber College deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from BJ’s Beauty & Barber College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at BJ’s Beauty & Barber College, 84% of entering full-time freshmen got some type of financial assistance some 21 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,342 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 52% | $4,342 |
| State/local grants | 0% | — |
| Federal student loans | 52% | $6,107 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 33% of the undergraduate population received grant aid that averaged $4,448 (across roughly 29 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $4,448 |
| Federal Pell grants | 33% | $4,052 |
| Federal student loans | 31% | $5,171 |
For students living on campus and receiving title-IV aid, grants averaged $2,602.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,770 |
| Off-campus title-IV students | $31,613 |
To project your own net price, use BJ’s Beauty & Barber College’s NPC: 5733-bjscollege.wpnet.stylenet.com/net-price-calculator/.
A typical borrower at BJ’s Beauty & Barber College leaves with $6,333 in federal student debt.
| 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.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at BJ’s Beauty & Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,500 |
| 75th percentile | $7,500 |
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 | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for BJ’s Beauty & Barber College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at BJ’s Beauty & Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 774 |
| Total Stafford loan amount | $5,561,228 |
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 | 2 |
| Total GI Bill amount | $18,634 |
| Average GI Bill amount per recipient | $9,317 |
References
More about our data sources and methodologies.