by our College Data Analytics TeamA lot 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 School of Hair Design can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Phagans School of Hair Design offer, and what will you qualify for? Read on for more information. Keep reading to see what amount of financial assistance could be accessible 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 School of Hair Design.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Phagans School of Hair Design, 96% of entering full-time freshmen got some type of financial assistance around 88 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $5,104 |
| Institutional grants & scholarships | 30% | $1,875 |
| Federal Pell grants | 72% | $4,850 |
| State/local grants | 0% | — |
| Federal student loans | 74% | $6,212 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Phagans School of Hair Design, some 58% of undergraduate students received gift aid averaging $5,086 (across roughly 173 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,086 |
| Federal Pell grants | 55% | $4,866 |
| Federal student loans | 53% | $6,744 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,404.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,861 |
| $30,001 – $75,000 | $9,288 |
| Over $75,000 | $13,911 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,313 |
| Off-campus title-IV students | $12,196 |
To project your own net price, use Phagans School of Hair Design’s online cost calculator: www.phagans.com/about/consumer-information-for-clackamas-campus-programs/.
A typical borrower at Phagans School of Hair Design leaves with $7,652 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,652 |
| Median federal debt (graduates only) | $8,297 |
| Typical 10-year monthly payment (graduates) | $87.96/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Phagans School of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,077 |
| 25th percentile | $8,328 |
| 75th percentile | $19,074 |
| 90th percentile (highest-debt students) | $20,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,652 |
| Middle income | $7,652 |
| High income | $10,505 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,652 |
| Continuing-generation students | $8,948 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,652 |
| Independent students | $8,039 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Phagans School of Hair Design.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Phagans School of Hair Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1481 |
| Total Stafford loan amount | $16,763,391 |
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.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $75,500 |
| Average GI Bill amount per recipient | $18,875 |
References
More about our data sources and methodologies.