by our College Data Analytics TeamMany 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 sum total of attendance at Empire Beauty School-Newport News can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Empire Beauty School-Newport News deliver, and just what are you going to be eligible for? Read on for answers. Read on to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Empire Beauty School-Newport News.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Empire Beauty School-Newport News, 69% of entering full-time freshmen got some type of financial assistance some 37 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,135 |
| Institutional grants & scholarships | 13% | $186 |
| Federal Pell grants | 54% | $4,946 |
| State/local grants | 0% | — |
| Federal student loans | 43% | $7,038 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Empire Beauty School-Newport News, some 56% of undergraduates were awarded grant or scholarship aid averaging $5,196 (for some 84 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,196 |
| Federal Pell grants | 56% | $5,093 |
| Federal student loans | 48% | $7,858 |
For on-campus title-IV students, average grant aid came to $4,654.
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 | $14,032 |
| $30,001 – $75,000 | $17,086 |
| Over $75,000 | $20,212 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,036 |
| Off-campus title-IV students | $21,413 |
For a personalized estimate based on your family’s financial situation, use Empire Beauty School-Newport News’s online cost calculator: www.empire.edu/net-price-calculator.
The median federal debt load at Empire Beauty School-Newport News comes to $7,851 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,851 |
| Median federal debt (graduates only) | $10,667 |
| Typical 10-year monthly payment (graduates) | $113.09/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Empire Beauty School-Newport News.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,322 |
| 90th percentile (highest-debt students) | $14,604 |
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 | $7,667 |
| Middle income | $7,972 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $7,917 |
These indicators are derived from the underlying debt data and summarize the overall picture at Empire Beauty School-Newport News.
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-Newport News:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17851 |
| Total Stafford loan amount | $183,144,138 |
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 | 17 |
| Total GI Bill amount | $206,072 |
| Average GI Bill amount per recipient | $12,122 |
References
More about our data sources and methodologies.