by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Empire Beauty School-Maine can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Empire Beauty School-Maine provide, and just what are you going to be eligible for? Read on for answers. Read on to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Empire Beauty School-Maine.
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.
Among first-time, full-time freshmen at Empire Beauty School-Maine, 75% of first-year full-time students received aid of some kind roughly 44 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,833 |
| Institutional grants & scholarships | 20% | $750 |
| Federal Pell grants | 56% | $5,823 |
| State/local grants | 0% | — |
| Federal student loans | 58% | $6,801 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Empire Beauty School-Maine, some 58% of the undergraduate population received grant aid that averaged $5,317 (for some 87 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,317 |
| Federal Pell grants | 57% | $5,083 |
| Federal student loans | 57% | $7,300 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,235.
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 | $14,293 |
| $30,001 – $75,000 | $16,842 |
| Over $75,000 | $19,961 |
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 | $16,191 |
| Off-campus title-IV students | $16,411 |
To project your own net price, use Empire Beauty School-Maine’s net price tool: www.empire.edu/net-price-calculator.
Graduating students at Empire Beauty School-Maine carry a median federal student debt of $7,667 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,667 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Empire Beauty School-Maine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,120 |
| 90th percentile (highest-debt students) | $15,720 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,212 |
| Middle income | $7,667 |
| High income | $9,617 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $9,173 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,646 |
| Independent students | $8,437 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Empire Beauty School-Maine.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Empire Beauty School-Maine:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16226 |
| Total Stafford loan amount | $172,321,812 |
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 | 2 |
| Total GI Bill amount | $35,400 |
| Average GI Bill amount per recipient | $17,700 |
References
More about our data sources and methodologies.