by our College Data Analytics TeamThe majority of students will never be charged 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 Hair Academy II can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Hair Academy II offer you, and what will you qualify for? Read on for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Hair Academy II.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Hair Academy II, 100% of new full-time first-years were awarded at least some aid some 162 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $2,087 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 88% | $1,999 |
| State/local grants | 15% | $500 |
| Federal student loans | 89% | $2,812 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 35% of the undergraduate population received grant aid that averaged $2,375 (for some 155 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $2,375 |
| Federal Pell grants | 35% | $2,207 |
| Federal student loans | 41% | $2,288 |
Title-IV recipients living on campus saw average grant aid of $2,072.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,572 |
| $30,001 – $75,000 | $22,959 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,444 |
| Off-campus title-IV students | $22,667 |
For an estimate tailored to your family circumstances, see Hair Academy II’s official net price calculator: www.hairacademy2.co/misc/netprice/npcalc.htm.
The median student at Hair Academy II graduates with $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Hair Academy II.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,562 |
| 25th percentile | $3,234 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,536 |
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 | $5,277 |
| Middle income | $6,312 |
| High income | $4,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,352 |
| Continuing-generation students | $6,297 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,750 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Hair Academy II.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Hair Academy II:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1668 |
| Total Stafford loan amount | $11,805,181 |
References
More about our data sources and methodologies.