by our College Data Analytics TeamMany students will not be asked to pay 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 total price of attendance at Northwest College School of Beauty - Medford can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does NWC Medford offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Northwest College School of Beauty - Medford.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Northwest College School of Beauty - Medford, 76% of the incoming full-time class was awarded financial aid some 78 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,549 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $5,549 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $7,104 |
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 NWC Medford, about 60% of undergraduates were awarded grant or scholarship aid averaging $5,435 (among about 106 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $5,435 |
| Federal Pell grants | 60% | $5,435 |
| Federal student loans | 65% | $7,495 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,924.
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 | $21,107 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $23,864 |
| Off-campus title-IV students | $21,107 |
For an estimate tailored to your family circumstances, see NWC Medford’s official net price calculator: www.nwcollege.edu/files/npcalc.html.
The middle student in the debt distribution at NWC Medford owes $6,333 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,564 |
| Typical 10-year monthly payment (graduates) | $80.19/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. The percentiles below describe the cumulative federal debt distribution for borrowers at NWC Medford.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $5,971 |
| 75th percentile | $17,441 |
| 90th percentile (highest-debt students) | $26,945 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $7,983 |
| High income | $6,333 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for NWC Medford.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at NWC Medford:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4763 |
| Total Stafford loan amount | $62,828,480 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $26,991 |
| Average GI Bill amount per recipient | $13,496 |
References
More about our data sources and methodologies.