by our College Data Analytics TeamThe majority of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Creative Images Institute of Cosmetology, North Dayton can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Creative Images Institute of Cosmetology, North Dayton deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Creative Images Institute of Cosmetology, North Dayton.
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 Creative Images Institute of Cosmetology, North Dayton, 68% of first-year full-time students received aid of some kind around 89 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $4,534 |
| Institutional grants & scholarships | 8% | $1,450 |
| Federal Pell grants | 47% | $5,090 |
| State/local grants | 0% | — |
| Federal student loans | 58% | $5,826 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 58% of undergraduates were awarded grant or scholarship aid averaging $4,494 (across approximately 203 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $4,494 |
| Federal Pell grants | 53% | $4,733 |
| Federal student loans | 61% | $4,821 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,198.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,876 |
| $30,001 – $75,000 | $13,570 |
| Over $75,000 | $16,601 |
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 | $12,258 |
| Off-campus title-IV students | $13,528 |
For an estimate tailored to your family circumstances, see Creative Images Institute of Cosmetology, North Dayton’s net price calculator: www.creativeimages.edu/high-school-students/net-price-calculator/.
The median federal debt load at Creative Images Institute of Cosmetology, North Dayton comes to $9,149 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,149 |
| Median federal debt (graduates only) | $9,731 |
| Typical 10-year monthly payment (graduates) | $103.16/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Creative Images Institute of Cosmetology, North Dayton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $10,309 |
| 90th percentile (highest-debt students) | $14,621 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,109 |
| Middle income | $9,500 |
| High income | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,823 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,918 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Creative Images Institute of Cosmetology, North Dayton.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Creative Images Institute of Cosmetology, North Dayton:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2444 |
| Total Stafford loan amount | $22,149,841 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $34,398 |
| Average GI Bill amount per recipient | $11,466 |
References
More about our data sources and methodologies.