by our College Data Analytics TeamA large number of students will not be asked to pay 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 total cost of going to Lil Lou’s Beauty And Barber College - Hammond can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Lil Lou’s Beauty And Barber College - Hammond provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out 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 Lil Lou’s Beauty And Barber College - Hammond.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Lil Lou’s Beauty And Barber College - Hammond, 86% of the incoming full-time class was awarded financial aid (about 6 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $5,547 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 86% | $5,547 |
| State/local grants | 0% | — |
| Federal student loans | 86% | $7,250 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 62% of undergraduates were awarded grant or scholarship aid averaging $4,839 (covering around 21 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $4,839 |
| Federal Pell grants | 62% | $4,839 |
| Federal student loans | 71% | $6,154 |
For on-campus title-IV students, average grant aid came to $5,547.
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 | $15,799 |
| $30,001 – $75,000 | $14,921 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,502 |
| Off-campus title-IV students | $15,799 |
For a customized cost estimate, visit Lil Lou’s Beauty And Barber College - Hammond’s net price calculator: 0201.nccdn.net/1_2/000/000/15e/2e5/net-price-calculator.html.
Graduating students at Lil Lou’s Beauty And Barber College - Hammond carry a median federal student debt of $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $14,302 |
| Typical 10-year monthly payment (graduates) | $151.63/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. These percentiles trace how cumulative federal debt is spread among borrowers at Lil Lou’s Beauty And Barber College - Hammond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,667 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lil Lou’s Beauty And Barber College - Hammond.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Lil Lou’s Beauty And Barber College - Hammond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 441 |
| Total Stafford loan amount | $4,446,707 |
References
More about our data sources and methodologies.