by our College Data Analytics TeamA large number of students will never be charged 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 price of attendance at Empire Beauty School-Owings Mills can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Empire Beauty School-Owings Mills offer you, and what will you qualify for? Read on for more information. Keep going to find out how much school funding will be available 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-Owings Mills.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Empire Beauty School-Owings Mills, 91% of new full-time first-years were awarded at least some aid (about 80 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,472 |
| Institutional grants & scholarships | 10% | $156 |
| Federal Pell grants | 77% | $5,389 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $7,907 |
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 Empire Beauty School-Owings Mills, approximately 68% of undergraduate students received gift aid averaging $5,192 (across approximately 155 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,192 |
| Federal Pell grants | 68% | $5,122 |
| Federal student loans | 57% | $8,008 |
For students living on campus and receiving title-IV aid, grants averaged $5,168.
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 | $15,609 |
| $30,001 – $75,000 | $16,865 |
| Over $75,000 | $20,795 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $15,997 |
| Off-campus title-IV students | $16,462 |
To project your own net price, use Empire Beauty School-Owings Mills’s net price calculator: www.empire.edu/net-price-calculator.
The median student at Empire Beauty School-Owings Mills graduates with $8,028 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,028 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Empire Beauty School-Owings Mills.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,252 |
| 90th percentile (highest-debt students) | $13,700 |
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 | $7,955 |
| Middle income | $8,028 |
| High income | $8,025 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $8,028 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Empire Beauty School-Owings Mills.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Empire Beauty School-Owings Mills:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14568 |
| Total Stafford loan amount | $145,421,343 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $17,424 |
| Average GI Bill amount per recipient | $17,424 |
References
More about our data sources and methodologies.