by our College Data Analytics TeamThe majority 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 total price of attendance at Corinth Academy of Cosmetology can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will Corinth Academy of Cosmetology deliver, and just what are you going to be eligible for? Read on for answers. Read on to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Corinth Academy of Cosmetology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Corinth Academy of Cosmetology, 76% of entering full-time freshmen got some type of financial assistance roughly 26 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $7,172 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 76% | $7,172 |
| State/local grants | 0% | — |
| Federal student loans | 53% | $6,387 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Corinth Academy of Cosmetology, around 52% of the undergraduate population received grant aid that averaged $6,369 (across roughly 80 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $6,369 |
| Federal Pell grants | 52% | $6,369 |
| Federal student loans | 40% | $5,532 |
For students living on campus and receiving title-IV aid, grants averaged $7,172.
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 | $21,375 |
| $30,001 – $75,000 | $21,054 |
| Over $75,000 | $27,199 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $23,198 |
| Off-campus title-IV students | $21,666 |
To get a personalized net price estimate, try Corinth Academy of Cosmetology’s net price calculator: cac.edu/wp-content/uploads/2020/11/index.html.
The median federal debt load at Corinth Academy of Cosmetology comes to $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,500 |
| Typical 10-year monthly payment (graduates) | $90.11/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Corinth Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,500 |
| 75th percentile | $7,000 |
| 90th percentile (highest-debt students) | $9,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Corinth Academy of Cosmetology.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Corinth Academy of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 485 |
| Total Stafford loan amount | $2,993,980 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $32,550 |
| Average GI Bill amount per recipient | $5,425 |
References
More about our data sources and methodologies.