by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Mississippi Institute of Aesthetics Nails & Cosmetology can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Mississippi Institute offer you, and what will you qualify for? Keep reading for more information. Read on to see 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. Use the information below to understand how much financial assistance you may get from Mississippi Institute of Aesthetics Nails & Cosmetology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Mississippi Institute of Aesthetics Nails & Cosmetology, 67% of the incoming full-time class was awarded financial aid roughly 6 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $7,278 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 33% | $7,278 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $9,153 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 36% of the undergraduate population received grant aid that averaged $4,631 (for some 47 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $4,631 |
| Federal Pell grants | 36% | $4,631 |
| Federal student loans | 43% | $5,186 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,639.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,770 |
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 | $8,616 |
| Off-campus title-IV students | $10,770 |
For a customized cost estimate, visit Mississippi Institute’s NPC: msinstitute.com/beauty-school-financial-aid/beauty-college-net-price-calculator/.
A typical borrower at Mississippi Institute leaves with $3,604 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,604 |
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Mississippi Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,604 |
| 75th percentile | $9,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $3,604 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,604 |
| Continuing-generation students | $3,907 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,603 |
| Independent students | $3,907 |
These indicators are derived from the underlying debt data and summarize the overall picture at Mississippi Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Mississippi Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 475 |
| Total Stafford loan amount | $2,996,608 |
References
More about our data sources and methodologies.