by our College Data Analytics TeamThe majority 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 sum total of attendance at Merrell University of Beauty Arts and Science can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Merrell University of Beauty Arts and Science offer you, and what will you qualify for? Read on for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Merrell University of Beauty Arts and Science.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Merrell University of Beauty Arts and Science, 84% of new full-time first-years were awarded at least some aid roughly 41 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $4,448 |
| Institutional grants & scholarships | 27% | $1,077 |
| Federal Pell grants | 59% | $4,631 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $7,892 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, approximately 63% of undergraduate students received gift aid averaging $4,171 (for some 89 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $4,171 |
| Federal Pell grants | 54% | $4,225 |
| Federal student loans | 51% | $7,411 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,565.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,879 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,982 |
| Off-campus title-IV students | $17,446 |
For an estimate tailored to your family circumstances, see Merrell University of Beauty Arts and Science’s official net price calculator: www.merrelluniversity.edu/school-disclosures.
Graduating students at Merrell University of Beauty Arts and Science carry a median federal student debt of $6,125 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,125 |
| Median federal debt (graduates only) | $7,671 |
| Typical 10-year monthly payment (graduates) | $81.33/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Merrell University of Beauty Arts and Science.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $15,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,672 |
The figure below distills the debt data into a single burden category for Merrell University of Beauty Arts and Science.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Merrell University of Beauty Arts and Science:
| Metric | Value |
|---|---|
| Stafford loan recipients | 880 |
| Total Stafford loan amount | $8,580,990 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $58,965 |
| Average GI Bill amount per recipient | $14,741 |
References
More about our data sources and methodologies.