by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Josef’s School of Hair, Skin & Body, Grand Forks can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Josef’s School of Hair, Skin & Body deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Josef’s School of Hair, Skin & Body, Grand Forks.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Josef’s School of Hair, Skin & Body, Grand Forks, 100% of entering full-time freshmen got some type of financial assistance some 27 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,461 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $5,461 |
| State/local grants | 0% | — |
| Federal student loans | 74% | $6,170 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Josef’s School of Hair, Skin & Body, approximately 57% of undergraduates were awarded an average grant or scholarship of $4,937 (for some 44 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,937 |
| Federal Pell grants | 57% | $4,937 |
| Federal student loans | 75% | $6,731 |
For on-campus title-IV students, average grant aid came to $5,002.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,139 |
| $30,001 – $75,000 | $14,602 |
| Over $75,000 | $16,807 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,657 |
| Off-campus title-IV students | $14,324 |
For a customized cost estimate, visit Josef’s School of Hair, Skin & Body’s net price tool: www.josefsschoolofhairdesign.com/wp-content/uploads/2021/07/NetPriceCalc.html.
The median federal debt load at Josef’s School of Hair, Skin & Body comes to $6,337 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,337 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Josef’s School of Hair, Skin & Body.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,169 |
| 25th percentile | $4,750 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
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 | $6,367 |
| Middle income | $6,335 |
| High income | $5,931 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,337 |
| Continuing-generation students | $8,419 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,221 |
| Independent students | $6,577 |
The figure below distills the debt data into a single burden category for Josef’s School of Hair, Skin & Body.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Josef’s School of Hair, Skin & Body:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1181 |
| Total Stafford loan amount | $9,893,205 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $55,101 |
| Average GI Bill amount per recipient | $13,775 |
References
More about our data sources and methodologies.