by our College Data Analytics TeamThe majority of students are not billed 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 total cost of going to Empire Beauty School-Manhattan can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Empire Beauty School-Manhattan offer you, and what will you qualify for? Read on for more information. Read on to learn 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-Manhattan.
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-Manhattan, 77% of first-time, full-time freshmen received some form of financial aid (about 214 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,897 |
| Institutional grants & scholarships | 18% | $173 |
| Federal Pell grants | 71% | $5,714 |
| State/local grants | 0% | $500 |
| Federal student loans | 61% | $8,015 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 71% of undergrads got grants or scholarships worth on average $5,486 (for some 465 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,486 |
| Federal Pell grants | 71% | $5,361 |
| Federal student loans | 60% | $8,099 |
On-campus students receiving title-IV aid were awarded grants averaging $5,612.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,339 |
| $30,001 – $75,000 | $20,126 |
| Over $75,000 | $24,190 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $18,892 |
| Off-campus title-IV students | $19,553 |
For a personalized estimate based on your family’s financial situation, use Empire Beauty School-Manhattan’s official net price calculator: www.empire.edu/net-price-calculator.
A typical borrower at Empire Beauty School-Manhattan leaves with $6,222 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,222 |
| Median federal debt (graduates only) | $10,667 |
| Typical 10-year monthly payment (graduates) | $113.09/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Empire Beauty School-Manhattan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,274 |
| 90th percentile (highest-debt students) | $12,953 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,222 |
| High income | $6,152 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,925 |
The figure below distills the debt data into a single burden category for Empire Beauty School-Manhattan.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Empire Beauty School-Manhattan:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16533 |
| Total Stafford loan amount | $148,604,775 |
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 | 4 |
| Total GI Bill amount | $20,508 |
| Average GI Bill amount per recipient | $5,127 |
References
More about our data sources and methodologies.