by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Michigan College of Beauty-Monroe can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will Michigan College of Beauty-Monroe deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Michigan College of Beauty-Monroe.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Michigan College of Beauty-Monroe, 100% of entering full-time freshmen got some type of financial assistance around 101 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $2,567 |
| Institutional grants & scholarships | 5% | $1,140 |
| Federal Pell grants | 64% | $3,195 |
| State/local grants | 5% | $2,000 |
| Federal student loans | 75% | $4,109 |
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 76% of the undergraduate population received grant aid that averaged $2,472 (among about 130 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $2,472 |
| Federal Pell grants | 41% | $2,967 |
| Federal student loans | 72% | $4,258 |
For on-campus title-IV students, average grant aid came to $2,360.
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 | $12,398 |
| $30,001 – $75,000 | $12,779 |
| Over $75,000 | $14,345 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,564 |
| Off-campus title-IV students | $12,605 |
To project your own net price, use Michigan College of Beauty-Monroe’s net price tool: michigancollegebeauty.com/netpricecalculator.html.
The median student at Michigan College of Beauty-Monroe graduates with $6,333 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Michigan College of Beauty-Monroe.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,281 |
| 25th percentile | $3,667 |
| 75th percentile | $8,149 |
| 90th percentile (highest-debt students) | $9,833 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,583 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Michigan College of Beauty-Monroe.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Michigan College of Beauty-Monroe:
| Metric | Value |
|---|---|
| Stafford loan recipients | 829 |
| Total Stafford loan amount | $4,837,376 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $6,472 |
| Average GI Bill amount per recipient | $6,472 |
References
More about our data sources and methodologies.