by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Model College of Hair Design can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Model College of Hair Design deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn 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. Read on to get a sense of the financial assistance available at Model College of Hair Design.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Model College of Hair Design, 88% of first-year full-time students received aid of some kind (about 71 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $2,927 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 52% | $3,698 |
| State/local grants | 38% | $1,694 |
| Federal student loans | 43% | $999 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 54% of undergrads got grants or scholarships worth on average $4,912 (for some 115 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,912 |
| Federal Pell grants | 39% | $4,555 |
| Federal student loans | 49% | $2,820 |
On-campus students receiving title-IV aid were awarded grants averaging $9,895.
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 | $17,740 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,946 |
| Off-campus title-IV students | $19,584 |
For a personalized estimate based on your family’s financial situation, use Model College of Hair Design’s net price tool: mcohd.com/education/financial-aid/.
Graduating students at Model College of Hair Design carry a median federal student debt of $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $7,139 |
| Typical 10-year monthly payment (graduates) | $75.69/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Model College of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $8,780 |
| 90th percentile (highest-debt students) | $12,149 |
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 | $4,750 |
| Middle income | $5,500 |
| High income | $8,705 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,772 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,887 |
| Independent students | $4,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at Model College of Hair Design.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Model College of Hair Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1036 |
| Total Stafford loan amount | $6,527,561 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $30,000 |
| Average GI Bill amount per recipient | $10,000 |
References
More about our data sources and methodologies.