by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Empire Beauty School-E Memphis can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Empire Beauty School-E Memphis provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Empire Beauty School-E Memphis.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Empire Beauty School-E Memphis, 83% of first-time, full-time freshmen received some form of financial aid roughly 102 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $5,133 |
| Institutional grants & scholarships | 11% | $177 |
| Federal Pell grants | 70% | $5,026 |
| State/local grants | 0% | — |
| Federal student loans | 54% | $7,455 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Empire Beauty School-E Memphis, some 63% of undergraduates were awarded grant or scholarship aid averaging $4,493 (among about 220 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $4,493 |
| Federal Pell grants | 63% | $4,403 |
| Federal student loans | 52% | $7,573 |
For students living on campus and receiving title-IV aid, grants averaged $5,633.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,663 |
| $30,001 – $75,000 | $16,438 |
| Over $75,000 | $20,673 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,771 |
| Off-campus title-IV students | $15,895 |
To project your own net price, use Empire Beauty School-E Memphis’s online cost calculator: www.empire.edu/net-price-calculator.
A typical borrower at Empire Beauty School-E Memphis leaves with $6,633 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,633 |
| Median federal debt (graduates only) | $10,667 |
| Typical 10-year monthly payment (graduates) | $113.09/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Empire Beauty School-E Memphis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,094 |
| 90th percentile (highest-debt students) | $13,583 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $7,667 |
| High income | $8,028 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,478 |
| Continuing-generation students | $8,028 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,238 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Empire Beauty School-E Memphis.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Empire Beauty School-E Memphis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19906 |
| Total Stafford loan amount | $189,712,813 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $28,030 |
| Average GI Bill amount per recipient | $7,008 |
References
More about our data sources and methodologies.