by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Cheeks Beauty Academy-Forty Collins can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Cheeks Beauty Academy deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Cheeks Beauty Academy-Forty Collins.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can 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 Cheeks Beauty Academy-Forty Collins, 74% of entering full-time freshmen got some type of financial assistance approximately 29 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $5,166 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $5,055 |
| State/local grants | 8% | $6,133 |
| Federal student loans | 67% | $6,300 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 75% of undergraduates were awarded an average grant or scholarship of $5,090 (for some 39 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,090 |
| Federal Pell grants | 56% | $5,166 |
| Federal student loans | 50% | $6,531 |
On-campus students receiving title-IV aid were awarded grants averaging $5,122.
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 | $10,296 |
| $30,001 – $75,000 | $10,768 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $9,739 |
| Off-campus title-IV students | $10,481 |
For a personalized estimate based on your family’s financial situation, use Cheeks Beauty Academy’s net price calculator: www.cheeksbeautyacademy.com/consumer-information.
The median federal debt load at Cheeks Beauty Academy comes to $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,000 |
| Typical 10-year monthly payment (graduates) | $74.21/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Cheeks Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,762 |
| 25th percentile | $3,062 |
| 75th percentile | $8,873 |
| 90th percentile (highest-debt students) | $11,767 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,375 |
| Middle income | $6,333 |
| High income | $7,367 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Cheeks Beauty Academy.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Cheeks Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1229 |
| Total Stafford loan amount | $9,606,198 |
References
More about our data sources and methodologies.