by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Black Hills Beauty College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Black Hills Beauty College provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Black Hills Beauty College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Black Hills Beauty College, 69% of the incoming full-time class was awarded financial aid (about 24 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,957 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 49% | $5,957 |
| State/local grants | 0% | — |
| Federal student loans | 57% | $5,546 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Black Hills Beauty College, approximately 43% of undergraduates were awarded an average grant or scholarship of $4,448 (across approximately 45 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $4,448 |
| Federal Pell grants | 43% | $4,448 |
| Federal student loans | 46% | $5,219 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,362.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,415 |
| $30,001 – $75,000 | $19,694 |
| Over $75,000 | $19,070 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,146 |
| Off-campus title-IV students | $15,357 |
To get a personalized net price estimate, try Black Hills Beauty College’s online cost calculator: tsparapidcity.com/wp-content/uploads/sites/7/npc/.
The median student at Black Hills Beauty College graduates with $7,315 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,315 |
| Median federal debt (graduates only) | $8,500 |
| Typical 10-year monthly payment (graduates) | $90.11/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Black Hills Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,085 |
| 25th percentile | $5,500 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $13,435 |
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 | $8,913 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,198 |
A handful of calculated indicators summarize the debt outlook at Black Hills Beauty College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Black Hills Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 900 |
| Total Stafford loan amount | $7,713,798 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $93,766 |
| Average GI Bill amount per recipient | $13,395 |
References
More about our data sources and methodologies.