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 New Beginning College of Cosmetology can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will New Beginning College of Cosmetology provide, and just what are you going to be eligible for? Read on for answers. Scroll down to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at New Beginning College of Cosmetology.
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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At New Beginning College of Cosmetology, 100% of first-time, full-time freshmen received some form of financial aid (about 19 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $2,849 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $2,849 |
| State/local grants | 0% | — |
| Federal student loans | 79% | $4,234 |
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, about 78% of the undergraduate population received grant aid that averaged $3,538 (across approximately 42 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $3,538 |
| Federal Pell grants | 67% | $3,552 |
| Federal student loans | 72% | $4,360 |
On-campus students receiving title-IV aid were awarded grants averaging $4,272.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,857 |
| $30,001 – $75,000 | $15,439 |
| Over $75,000 | $14,086 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,347 |
| Off-campus title-IV students | $13,055 |
To get a personalized net price estimate, try New Beginning College of Cosmetology’s net price calculator: nbccosmetology.com/wp-content/themes/nbc/nbc_zonemap/.
The median student at New Beginning College of Cosmetology graduates with $6,100 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,100 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at New Beginning College of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,920 |
| Independent students | $7,253 |
These indicators are derived from the underlying debt data and summarize the overall picture at New Beginning College of Cosmetology.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at New Beginning College of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 530 |
| Total Stafford loan amount | $4,224,055 |
References
More about our data sources and methodologies.