by our College Data Analytics TeamThe majority of students are not billed 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 total price of attendance at Stylemaster College of Hair Design can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will Stylemaster College of Hair Design provide, and just what are you going to be eligible for? Read on for answers. Scroll down to find out what amount of financial assistance will 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. The figures below will help you estimate the aid you might receive from Stylemaster College of Hair Design.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Stylemaster College of Hair Design, 85% of first-year full-time students received aid of some kind some 33 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $6,118 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 74% | $4,186 |
| State/local grants | 69% | $2,981 |
| Federal student loans | 85% | $4,267 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 86% of undergraduates were awarded an average grant or scholarship of $7,060 (among about 77 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $7,060 |
| Federal Pell grants | 74% | $5,412 |
| Federal student loans | 58% | $5,805 |
For on-campus title-IV students, average grant aid came to $7,588.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,000 |
| $30,001 – $75,000 | $5,999 |
| Over $75,000 | $13,791 |
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 | $6,773 |
| Off-campus title-IV students | $8,222 |
For an estimate tailored to your family circumstances, see Stylemaster College of Hair Design’s net price tool: www.stylemasters.edu/NetPriceCalc/npcalc.htm.
The median federal debt load at Stylemaster College of Hair Design comes to $7,460 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,460 |
| Median federal debt (graduates only) | $8,953 |
| Typical 10-year monthly payment (graduates) | $94.92/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown 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 Stylemaster College of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,922 |
| 25th percentile | $4,750 |
| 75th percentile | $14,703 |
| 90th percentile (highest-debt students) | $16,496 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Stylemaster College of Hair Design.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Stylemaster College of Hair Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 897 |
| Total Stafford loan amount | $9,355,938 |
References
More about our data sources and methodologies.