by our College Data Analytics TeamMany students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Image Maker Beauty Institute can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Image Maker Beauty Institute provide, and just what are you going to be eligible for? Read on for answers. Keep going to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Image Maker Beauty Institute.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Image Maker Beauty Institute, 86% of entering full-time freshmen got some type of financial assistance (about 18 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,291 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 57% | $6,291 |
| State/local grants | 0% | — |
| Federal student loans | 76% | $6,396 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Image Maker Beauty Institute, around 54% of undergraduates were awarded an average grant or scholarship of $5,690 (for some 49 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,690 |
| Federal Pell grants | 53% | $5,767 |
| Federal student loans | 64% | $7,752 |
For students living on campus and receiving title-IV aid, grants averaged $4,194.
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 | $15,789 |
| $30,001 – $75,000 | $11,849 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $18,352 |
| Off-campus title-IV students | $15,296 |
To project your own net price, use Image Maker Beauty Institute’s NPC: www.imagemakerbeauty.com/FINANCIAL-AID—FAFSA.html.
The middle student in the debt distribution at Image Maker Beauty Institute owes $9,665 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,665 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Image Maker Beauty Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,574 |
| 75th percentile | $9,833 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,430 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Image Maker Beauty Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Image Maker Beauty Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 209 |
| Total Stafford loan amount | $1,875,482 |
References
More about our data sources and methodologies.