by our College Data Analytics TeamMost students will never be charged 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 price of attendance at College of Hair Design-Downtown can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will College of Hair Design-Downtown deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from College of Hair Design-Downtown.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at College of Hair Design-Downtown, 76% of entering full-time freshmen got some type of financial assistance around 44 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $2,358 |
| Institutional grants & scholarships | 9% | $100 |
| Federal Pell grants | 50% | $2,696 |
| State/local grants | 0% | — |
| Federal student loans | 22% | $6,996 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At College of Hair Design-Downtown, about 72% of the undergraduate population received grant aid that averaged $10,802 (among about 76 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $10,802 |
| Federal Pell grants | 68% | $6,813 |
| Federal student loans | 49% | $7,746 |
For on-campus title-IV students, average grant aid came to $1,822.
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 | $13,544 |
| $30,001 – $75,000 | $14,645 |
| Over $75,000 | $18,662 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,934 |
| Off-campus title-IV students | $17,056 |
For a customized cost estimate, visit College of Hair Design-Downtown’s net price calculator: www.collegeofhairdesign.com/disclosures/index.htm.
The median federal debt load at College of Hair Design-Downtown comes to $8,031 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,031 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at College of Hair Design-Downtown.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,933 |
| 25th percentile | $6,360 |
| 75th percentile | $20,994 |
| 90th percentile (highest-debt students) | $24,166 |
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 | $8,000 |
| Middle income | $10,580 |
| High income | $7,952 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $9,012 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $14,743 |
A handful of calculated indicators summarize the debt outlook at College of Hair Design-Downtown.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at College of Hair Design-Downtown:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2006 |
| Total Stafford loan amount | $25,990,883 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $22,934 |
| Average GI Bill amount per recipient | $22,934 |
References
More about our data sources and methodologies.