by our College Data Analytics TeamA large number of students are not billed 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 Collectiv Academy can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Collectiv Academy offer, and what will you qualify for? Keep reading for more information. Keep reading 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. The information provided on this page can help you determine how much aid you may receive from Collectiv Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Collectiv Academy, 81% of first-year full-time students received aid of some kind approximately 26 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $5,637 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 41% | $5,637 |
| State/local grants | 0% | — |
| Federal student loans | 69% | $8,744 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Collectiv Academy, approximately 47% of the undergraduate population received grant aid that averaged $5,410 (across approximately 60 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $5,410 |
| Federal Pell grants | 47% | $5,410 |
| Federal student loans | 66% | $8,093 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,054.
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 | $19,888 |
| $30,001 – $75,000 | $23,761 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $19,748 |
| Off-campus title-IV students | $19,996 |
For a customized cost estimate, visit Collectiv Academy’s net price calculator: www.collectivacademy.com/cosmetology-barber/.
The middle student in the debt distribution at Collectiv Academy owes $9,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,000 |
| Median federal debt (graduates only) | $10,540 |
| Typical 10-year monthly payment (graduates) | $111.74/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
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 | $8,400 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,964 |
| Independent students | $9,700 |
These indicators are derived from the underlying debt data and summarize the overall picture at Collectiv Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Collectiv Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 311 |
| Total Stafford loan amount | $2,326,778 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $7,489 |
| Average GI Bill amount per recipient | $7,489 |
References
More about our data sources and methodologies.