by our College Data Analytics TeamA lot of students will not be asked to pay 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 total price of attendance at Empire Beauty School-Bloomington can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will Empire Beauty School-Bloomington offer you, and what will you qualify for? Read on for more information. Read on to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Empire Beauty School-Bloomington.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Empire Beauty School-Bloomington, 80% of first-year full-time students received aid of some kind some 79 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,454 |
| Institutional grants & scholarships | 14% | $479 |
| Federal Pell grants | 56% | $4,300 |
| State/local grants | 1% | $1,092 |
| Federal student loans | 60% | $6,511 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 55% of undergraduates were awarded an average grant or scholarship of $4,388 (covering around 136 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $4,388 |
| Federal Pell grants | 54% | $4,246 |
| Federal student loans | 54% | $6,700 |
Title-IV recipients living on campus saw average grant aid of $4,141.
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 | $15,951 |
| $30,001 – $75,000 | $17,090 |
| Over $75,000 | $20,411 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $18,315 |
| Off-campus title-IV students | $17,164 |
To get a personalized net price estimate, try Empire Beauty School-Bloomington’s net price calculator: www.empire.edu/net-price-calculator.
Graduating students at Empire Beauty School-Bloomington carry a median federal student debt of $6,333 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $10,231 |
| Typical 10-year monthly payment (graduates) | $108.47/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Empire Beauty School-Bloomington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,347 |
| 90th percentile (highest-debt students) | $16,000 |
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 | $6,333 |
| Middle income | $7,418 |
| High income | $6,333 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,018 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,723 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Empire Beauty School-Bloomington.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Empire Beauty School-Bloomington:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14230 |
| Total Stafford loan amount | $149,159,452 |
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 | $20,638 |
| Average GI Bill amount per recipient | $20,638 |
References
More about our data sources and methodologies.