by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Crave Beauty Academy can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Crave Beauty Academy offer, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Crave Beauty Academy.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Crave Beauty Academy, 30% of first-year full-time students received aid of some kind around 88 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 30% | $1,266 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 30% | $1,266 |
| State/local grants | 0% | — |
| Federal student loans | 30% | $1,495 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 39% of undergraduates were awarded grant or scholarship aid averaging $5,069 (among about 183 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $5,069 |
| Federal Pell grants | 39% | $4,742 |
| Federal student loans | 48% | $4,999 |
Title-IV recipients living on campus saw average grant aid of $2,786.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,691 |
| $30,001 – $75,000 | $17,641 |
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 | $19,183 |
| Off-campus title-IV students | $18,156 |
To project your own net price, use Crave Beauty Academy’s net price calculator: cravebeautyacademy.com/NetPriceCalculator/2018/npcalc.htm.
The middle student in the debt distribution at Crave Beauty Academy owes $7,917 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Crave Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,001 |
| 25th percentile | $5,500 |
| 75th percentile | $10,667 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Crave Beauty Academy.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Crave Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2319 |
| Total Stafford loan amount | $21,815,878 |
References
More about our data sources and methodologies.