by our College Data Analytics TeamA lot of students are not billed 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 total cost of going to Neosho Beauty College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Neosho Beauty College provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn 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. The figures below will help you estimate the aid you might receive from Neosho Beauty College.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Neosho Beauty College, 93% of first-time, full-time freshmen received some form of financial aid (about 38 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,828 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 49% | $5,828 |
| State/local grants | 0% | — |
| Federal student loans | 29% | $5,819 |
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 Neosho Beauty College, some 76% of undergrads got grants or scholarships worth on average $5,421 (across approximately 68 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,421 |
| Federal Pell grants | 58% | $5,196 |
| Federal student loans | 42% | $6,414 |
On-campus students receiving title-IV aid were awarded grants averaging $5,960.
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 | $7,231 |
| $30,001 – $75,000 | $7,649 |
| Over $75,000 | $12,784 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,213 |
| Off-campus title-IV students | $8,114 |
To project your own net price, use Neosho Beauty College’s online cost calculator: www.neoshobeautycollege.com/uploads/Net-Price-Calculator.html.
The middle student in the debt distribution at Neosho Beauty College owes $7,917 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
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 Neosho Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $8,500 |
The figure below distills the debt data into a single burden category for Neosho Beauty College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Neosho Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 397 |
| Total Stafford loan amount | $3,038,825 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $36,107 |
| Average GI Bill amount per recipient | $9,027 |
References
More about our data sources and methodologies.