by our College Data Analytics TeamA large number of students are not billed 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 International Institute of Cosmetology can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will International Institute of Cosmetology provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from International Institute of Cosmetology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at International Institute of Cosmetology, 96% of new full-time first-years were awarded at least some aid roughly 54 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $6,456 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 73% | $6,456 |
| State/local grants | 0% | — |
| Federal student loans | 89% | $8,024 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at International Institute of Cosmetology, approximately 35% of the undergraduate population received grant aid that averaged $6,074 (across approximately 92 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $6,074 |
| Federal Pell grants | 35% | $6,074 |
| Federal student loans | 44% | $7,031 |
Title-IV recipients living on campus saw average grant aid of $4,902.
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 | $14,838 |
| $30,001 – $75,000 | $16,373 |
| Over $75,000 | $20,147 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $16,590 |
| Off-campus title-IV students | $16,901 |
To project your own net price, use International Institute of Cosmetology’s net price calculator: www.studyhair.com/wp-content/uploads/Net-Price-Calculator-22_23.html.
Graduating students at International Institute of Cosmetology carry a median federal student debt of $9,833 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
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 International Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,125 |
| 25th percentile | $7,917 |
| 75th percentile | $13,095 |
| 90th percentile (highest-debt students) | $16,133 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $11,413 |
The figure below distills the debt data into a single burden category for International Institute of Cosmetology.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at International Institute of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 820 |
| Total Stafford loan amount | $7,351,212 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
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.