by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Faust Institute of Cosmetology-Spirit Lake can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Faust Institute of Cosmetology-Spirit Lake offer you, and what will you qualify for? Read on for more information. Keep scrolling to see just how much financial aid could be open 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 Faust Institute of Cosmetology-Spirit Lake.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Faust Institute of Cosmetology-Spirit Lake, 80% of entering full-time freshmen got some type of financial assistance (about 4 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $5,838 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 40% | $5,338 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $4,742 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Faust Institute of Cosmetology-Spirit Lake, roughly 50% of undergraduates were awarded an average grant or scholarship of $4,698 (for some 13 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,698 |
| Federal Pell grants | 42% | $4,984 |
| Federal student loans | 38% | $5,793 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,245.
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 | $1,895 |
| $30,001 – $75,000 | $5,529 |
| Over $75,000 | $9,039 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $5,508 |
| Off-campus title-IV students | $5,498 |
To get a personalized net price estimate, try Faust Institute of Cosmetology-Spirit Lake’s official net price calculator: www.faustinstitute.com/npcalc/npcalc.htm.
The middle student in the debt distribution at Faust Institute of Cosmetology-Spirit Lake owes $6,375 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,375 |
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Faust Institute of Cosmetology-Spirit Lake.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,026 |
| 75th percentile | $18,000 |
A handful of calculated indicators summarize the debt outlook at Faust Institute of Cosmetology-Spirit Lake.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Faust Institute of Cosmetology-Spirit Lake:
| Metric | Value |
|---|---|
| Stafford loan recipients | 437 |
| Total Stafford loan amount | $4,186,483 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.