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 total cost of going to Charleston Cosmetology Institute can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Charleston Cosmetology Institute deliver, and just what are you going to be eligible for? Read on for answers. Keep going to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Charleston Cosmetology Institute.
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.
For incoming first-year students at Charleston Cosmetology Institute, 100% of the incoming full-time class was awarded financial aid approximately 63 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $1,954 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 83% | $1,954 |
| State/local grants | 0% | — |
| Federal student loans | 84% | $2,382 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Charleston Cosmetology Institute, about 48% of undergraduates were awarded grant or scholarship aid averaging $4,081 (covering around 58 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,081 |
| Federal Pell grants | 48% | $4,081 |
| Federal student loans | 44% | $5,567 |
On-campus students receiving title-IV aid were awarded grants averaging $2,143.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,184 |
| $30,001 – $75,000 | $15,459 |
| Over $75,000 | $17,068 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,548 |
| Off-campus title-IV students | $15,686 |
For an estimate tailored to your family circumstances, see Charleston Cosmetology Institute’s official net price calculator: www.charlestoncosmetology.com/netpricecalculator.html.
The middle student in the debt distribution at Charleston Cosmetology Institute owes $4,307 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,307 |
| Median federal debt (graduates only) | $5,655 |
| Typical 10-year monthly payment (graduates) | $59.95/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Charleston Cosmetology Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,274 |
| 25th percentile | $2,363 |
| 75th percentile | $7,736 |
| 90th percentile (highest-debt students) | $10,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,306 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,306 |
| Continuing-generation students | $4,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $5,655 |
A handful of calculated indicators summarize the debt outlook at Charleston Cosmetology Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Charleston Cosmetology Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1279 |
| Total Stafford loan amount | $7,538,960 |
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 | 3 |
| Total GI Bill amount | $34,850 |
| Average GI Bill amount per recipient | $11,617 |
References
More about our data sources and methodologies.