by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Rudy & Kelly Academy - A Paul Mitchell Partner School can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Rudy & Kelly Academy offer you, and what will you qualify for? Read on for more information. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Rudy & Kelly Academy - A Paul Mitchell Partner School.
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 Rudy & Kelly Academy - A Paul Mitchell Partner School, 69% of new full-time first-years were awarded at least some aid around 22 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $6,502 |
| Institutional grants & scholarships | 3% | $500 |
| Federal Pell grants | 41% | $6,964 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $8,492 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 47% of undergraduate students received gift aid averaging $6,152 (for some 131 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $6,152 |
| Federal Pell grants | 46% | $5,900 |
| Federal student loans | 49% | $7,793 |
For students living on campus and receiving title-IV aid, grants averaged $4,311.
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 | $16,022 |
| $30,001 – $75,000 | $19,908 |
| Over $75,000 | $22,126 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,024 |
| Off-campus title-IV students | $19,150 |
For a personalized estimate based on your family’s financial situation, use Rudy & Kelly Academy’s net price calculator: paulmitchell.edu/virginiabeach/tuition-calculator.
The median federal debt load at Rudy & Kelly Academy comes to $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Rudy & Kelly Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,291 |
| 25th percentile | $6,432 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $8,585 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,833 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Rudy & Kelly Academy.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Rudy & Kelly Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1755 |
| Total Stafford loan amount | $19,008,084 |
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 | 20 |
| Total GI Bill amount | $351,321 |
| Average GI Bill amount per recipient | $17,566 |
References
More about our data sources and methodologies.