by our College Data Analytics TeamMost 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 price tag of going to Lytles Redwood Empire Beauty College Inc can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Lytle’s Beauty College offer you, and what will you qualify for? Read on for more information. Keep going to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Lytles Redwood Empire Beauty College Inc.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Lytles Redwood Empire Beauty College Inc, 52% of first-year full-time students received aid of some kind roughly 33 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $5,040 |
| Institutional grants & scholarships | 3% | $88 |
| Federal Pell grants | 47% | $3,796 |
| State/local grants | 6% | $12,876 |
| Federal student loans | 39% | $4,989 |
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 Lytle’s Beauty College, approximately 56% of the undergraduate population received grant aid that averaged $5,754 (across approximately 105 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,754 |
| Federal Pell grants | 47% | $4,033 |
| Federal student loans | 46% | $5,338 |
Title-IV recipients living on campus saw average grant aid of $4,491.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,603 |
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 | $23,995 |
| Off-campus title-IV students | $26,179 |
To get a personalized net price estimate, try Lytle’s Beauty College’s online cost calculator: www.lytlesrebc.edu/college/consumer-student-information/.
The middle student in the debt distribution at Lytle’s Beauty College owes $7,534 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,534 |
| Median federal debt (graduates only) | $8,682 |
| Typical 10-year monthly payment (graduates) | $92.04/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. Use the percentiles below to see the debt range at Lytle’s Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $3,666 |
| 75th percentile | $10,555 |
| 90th percentile (highest-debt students) | $13,462 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $10,555 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,778 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Lytle’s Beauty College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Lytle’s Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 817 |
| Total Stafford loan amount | $6,256,043 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.