by our College Data Analytics TeamA large number 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 Empire Beauty School-Hanover can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Empire Beauty School-Hanover offer you, and what will you qualify for? Read on for more information. Scroll down to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Empire Beauty School-Hanover.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Empire Beauty School-Hanover, 71% of the incoming full-time class was awarded financial aid roughly 34 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,014 |
| Institutional grants & scholarships | 21% | $866 |
| Federal Pell grants | 52% | $5,173 |
| State/local grants | 0% | — |
| Federal student loans | 54% | $6,866 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, around 60% of undergraduates were awarded an average grant or scholarship of $5,213 (covering around 52 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $5,213 |
| Federal Pell grants | 56% | $5,346 |
| Federal student loans | 58% | $6,930 |
For students living on campus and receiving title-IV aid, grants averaged $4,636.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,821 |
| $30,001 – $75,000 | $17,091 |
| Over $75,000 | $19,766 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,843 |
| Off-campus title-IV students | $16,832 |
For a customized cost estimate, visit Empire Beauty School-Hanover’s net price tool: www.empire.edu/net-price-calculator.
The median student at Empire Beauty School-Hanover graduates with $7,050 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,050 |
| Median federal debt (graduates only) | $13,583 |
| Typical 10-year monthly payment (graduates) | $144.0/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-Hanover.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,803 |
| 90th percentile (highest-debt students) | $15,322 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $8,028 |
| High income | $8,028 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,010 |
| Continuing-generation students | $7,740 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,023 |
| Independent students | $6,393 |
The figure below distills the debt data into a single burden category for Empire Beauty School-Hanover.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Empire Beauty School-Hanover:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15355 |
| Total Stafford loan amount | $148,121,422 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.