by our College Data Analytics TeamA lot of students will never be charged 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 Joseph’s College Cosmetology can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Joseph’s College Cosmetology offer, and what will you qualify for? Read on for more information. Scroll down to learn what amount of financial assistance will be accessible 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 Joseph’s College Cosmetology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Joseph’s College Cosmetology, 85% of the incoming full-time class was awarded financial aid approximately 28 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $10,412 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 64% | $7,147 |
| State/local grants | 58% | $3,304 |
| Federal student loans | 76% | $8,974 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Joseph’s College Cosmetology, around 64% of undergraduate students received gift aid averaging $6,737 (for some 87 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,737 |
| Federal Pell grants | 62% | $5,403 |
| Federal student loans | 54% | $8,668 |
On-campus students receiving title-IV aid were awarded grants averaging $8,181.
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 | $7,964 |
| $30,001 – $75,000 | $9,926 |
| Over $75,000 | $15,666 |
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 | $10,125 |
| Off-campus title-IV students | $10,513 |
For a customized cost estimate, visit Joseph’s College Cosmetology’s NPC: josephscollege.edu/ConsumerInformation/NetPriceCalculator.aspx.
The median student at Joseph’s College Cosmetology graduates with $10,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Joseph’s College Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,093 |
| 75th percentile | $16,500 |
| 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 | $9,044 |
| Middle income | $8,306 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $11,572 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $10,428 |
A handful of calculated indicators summarize the debt outlook at Joseph’s College Cosmetology.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Joseph’s College Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3182 |
| Total Stafford loan amount | $42,571,411 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $21,220 |
| Average GI Bill amount per recipient | $21,220 |
References
More about our data sources and methodologies.