by our College Data Analytics TeamMost 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 cost of going to Ohio State Beauty Academy can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does OSBA deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Ohio State Beauty Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Ohio State Beauty Academy, 79% of first-time, full-time freshmen received some form of financial aid some 26 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,939 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 48% | $4,939 |
| State/local grants | 0% | — |
| Federal student loans | 79% | $6,269 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at OSBA, some 51% of undergraduates were awarded an average grant or scholarship of $5,299 (across approximately 58 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,299 |
| Federal Pell grants | 51% | $5,299 |
| Federal student loans | 56% | $6,012 |
On-campus students receiving title-IV aid were awarded grants averaging $4,546.
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 | $5,871 |
| $30,001 – $75,000 | $8,068 |
| Over $75,000 | $11,898 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $5,994 |
| Off-campus title-IV students | $5,404 |
For a customized cost estimate, visit OSBA’s NPC: www.ohiostatebeauty.com/financial-aid/npcalc.html.
The middle student in the debt distribution at OSBA owes $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,498 |
| Typical 10-year monthly payment (graduates) | $90.09/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at OSBA.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $10,475 |
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 | $5,500 |
| Middle income | $5,500 |
| High income | $8,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,452 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. OSBA.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at OSBA:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1186 |
| Total Stafford loan amount | $9,700,948 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $40,889 |
| Average GI Bill amount per recipient | $13,630 |
References
More about our data sources and methodologies.