by our College Data Analytics TeamA large number of students are not billed 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 Minnesota School of Cosmetology-Woodbury Campus can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will Minnesota School of Cosmetology-Woodbury Campus deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Minnesota School of Cosmetology-Woodbury Campus.
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.
Looking at the entering class at Minnesota School of Cosmetology-Woodbury Campus, 75% of first-time, full-time freshmen received some form of financial aid approximately 58 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $3,852 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 38% | $3,840 |
| State/local grants | 53% | $1,136 |
| Federal student loans | 47% | $5,034 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Minnesota School of Cosmetology-Woodbury Campus, roughly 61% of undergraduates were awarded an average grant or scholarship of $4,153 (among about 67 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,153 |
| Federal Pell grants | 41% | $3,931 |
| Federal student loans | 55% | $4,989 |
Title-IV recipients living on campus saw average grant aid of $3,375.
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 | $18,764 |
| $30,001 – $75,000 | $19,738 |
| Over $75,000 | $21,912 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,024 |
| Off-campus title-IV students | $19,898 |
For an estimate tailored to your family circumstances, see Minnesota School of Cosmetology-Woodbury Campus’s NPC: novaacademy.edu/wp-content/uploads/2023/08/Nova-Rochester-Mankato-Net-Price-Calculator.html.
The middle student in the debt distribution at Minnesota School of Cosmetology-Woodbury Campus owes $6,333 of federal borrowing.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Minnesota School of Cosmetology-Woodbury Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,976 |
| 75th percentile | $14,194 |
| 90th percentile (highest-debt students) | $17,083 |
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 | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Minnesota School of Cosmetology-Woodbury Campus.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Minnesota School of Cosmetology-Woodbury Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2102 |
| Total Stafford loan amount | $17,993,482 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.