by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Career Academy of Beauty can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Career Academy of Beauty offer you, and what will you qualify for? Read on for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Career Academy of Beauty.
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.
For incoming first-year students at Career Academy of Beauty, 72% of first-time, full-time freshmen received some form of financial aid approximately 49 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,326 |
| Institutional grants & scholarships | 4% | $500 |
| Federal Pell grants | 62% | $5,272 |
| State/local grants | 0% | — |
| Federal student loans | 57% | $5,747 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Career Academy of Beauty, about 57% of undergrads got grants or scholarships worth on average $4,655 (among about 226 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,655 |
| Federal Pell grants | 55% | $4,694 |
| Federal student loans | 54% | $5,699 |
For on-campus title-IV students, average grant aid came to $4,065.
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 | $18,530 |
| $30,001 – $75,000 | $19,915 |
| Over $75,000 | $22,609 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $17,769 |
| Off-campus title-IV students | $19,101 |
To get a personalized net price estimate, try Career Academy of Beauty’s NPC: caofb.com/wp-content/uploads/2021/08/2019_2020-net-price-calculator.
A typical borrower at Career Academy of Beauty leaves with $6,279 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,279 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Career Academy of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,054 |
| 25th percentile | $4,853 |
| 75th percentile | $8,980 |
| 90th percentile (highest-debt students) | $11,456 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,030 |
| High income | $3,667 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,279 |
| Continuing-generation students | $6,027 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at Career Academy of Beauty.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Career Academy of Beauty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1629 |
| Total Stafford loan amount | $10,279,217 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.