by our College Data Analytics TeamThe majority of 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 price tag of going to Phagans Beauty College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Phagans Beauty College offer, and what will you qualify for? Keep reading for more information. Keep reading to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Phagans Beauty College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Phagans Beauty College, 65% of first-time, full-time freshmen received some form of financial aid (about 36 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,758 |
| Institutional grants & scholarships | 11% | $133 |
| Federal Pell grants | 51% | $5,666 |
| State/local grants | 7% | $2,390 |
| Federal student loans | 55% | $7,016 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Phagans Beauty College, about 60% of undergrads got grants or scholarships worth on average $6,846 (across roughly 62 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,846 |
| Federal Pell grants | 52% | $5,809 |
| Federal student loans | 55% | $6,849 |
On-campus students receiving title-IV aid were awarded grants averaging $4,527.
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 | $8,997 |
| $30,001 – $75,000 | $9,073 |
| Over $75,000 | $6,071 |
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 | $12,611 |
| Off-campus title-IV students | $8,551 |
To project your own net price, use Phagans Beauty College’s NPC: phagans-schools.com/NetPriceCalculator/npcalc.htm.
A typical borrower at Phagans Beauty College leaves with $8,170 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,170 |
| Median federal debt (graduates only) | $8,974 |
| Typical 10-year monthly payment (graduates) | $95.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Phagans Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $12,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,974 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,597 |
| Independent students | $8,974 |
A handful of calculated indicators summarize the debt outlook at Phagans Beauty College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Phagans Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 789 |
| Total Stafford loan amount | $9,720,047 |
References
More about our data sources and methodologies.