by our College Data Analytics TeamMost 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 sum total of attendance at MIXED Institute of Cosmetology & Barber can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will MIXED Institute of Cosmetology & Barber deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at MIXED Institute of Cosmetology & Barber.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at MIXED Institute of Cosmetology & Barber, 75% of entering full-time freshmen got some type of financial assistance approximately 40 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $4,924 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $4,924 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $5,257 |
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 MIXED Institute of Cosmetology & Barber, some 51% of undergraduates were awarded grant or scholarship aid averaging $4,021 (covering around 121 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $4,021 |
| Federal Pell grants | 51% | $4,021 |
| Federal student loans | 51% | $4,535 |
On-campus students receiving title-IV aid were awarded grants averaging $4,593.
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 | $21,829 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $20,520 |
| Off-campus title-IV students | $21,829 |
For an estimate tailored to your family circumstances, see MIXED Institute of Cosmetology & Barber’s online cost calculator: mixed.institute/netprice/.
The middle student in the debt distribution at MIXED Institute of Cosmetology & Barber owes $8,435 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,435 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,725 |
| Independent students | $8,272 |
The figure below distills the debt data into a single burden category for MIXED Institute of Cosmetology & Barber.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at MIXED Institute of Cosmetology & Barber:
| Metric | Value |
|---|---|
| Stafford loan recipients | 136 |
| Total Stafford loan amount | $978,832 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $36,273 |
| Average GI Bill amount per recipient | $9,068 |
References
More about our data sources and methodologies.