by our College Data Analytics TeamMany 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 price tag of going to First Class Cosmetology School can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does First Class Cosmetology School deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from First Class Cosmetology School.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at First Class Cosmetology School, 75% of entering full-time freshmen got some type of financial assistance roughly 39 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,663 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $5,663 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $5,590 |
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 this school, some 73% of undergraduate students received gift aid averaging $5,331 (across roughly 102 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,331 |
| Federal Pell grants | 73% | $5,331 |
| Federal student loans | 69% | $6,702 |
On-campus students receiving title-IV aid were awarded grants averaging $5,271.
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 | $15,822 |
| $30,001 – $75,000 | $15,630 |
| Over $75,000 | $21,429 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $17,777 |
| Off-campus title-IV students | $16,411 |
For an estimate tailored to your family circumstances, see First Class Cosmetology School’s net price tool: finaid.org/calculators/loanpayments/.
The median federal debt load at First Class Cosmetology School comes to $7,847 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,847 |
| Median federal debt (graduates only) | $10,194 |
| Typical 10-year monthly payment (graduates) | $108.07/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at First Class Cosmetology School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,500 |
| 75th percentile | $20,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,161 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at First Class Cosmetology School.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at First Class Cosmetology School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 544 |
| Total Stafford loan amount | $6,660,755 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $10,290 |
| Average GI Bill amount per recipient | $10,290 |
References
More about our data sources and methodologies.