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 price tag of going to The Beauty Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will The Beauty Institute offer you, and what will you qualify for? Read on for more information. Read on to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from The Beauty Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At The Beauty Institute, 100% of first-year full-time students received aid of some kind roughly 28 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $4,184 |
| Institutional grants & scholarships | 18% | $500 |
| Federal Pell grants | 89% | $4,000 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $1,327 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At The Beauty Institute, roughly 57% of undergraduate students received gift aid averaging $6,021 (among about 25 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,021 |
| Federal Pell grants | 57% | $5,724 |
| Federal student loans | 50% | $7,364 |
For students living on campus and receiving title-IV aid, grants averaged $5,498.
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 | $16,994 |
| $30,001 – $75,000 | $19,686 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $20,896 |
| Off-campus title-IV students | $16,994 |
For a customized cost estimate, visit The Beauty Institute’s online cost calculator: thebeautyinstitute.edu/net-price-calculator.
The Department of Education computes summary indicators that describe debt outcomes at a glance. The Beauty Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at The Beauty Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16 |
| Total Stafford loan amount | $58,400 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $21,025 |
| Average GI Bill amount per recipient | $21,025 |
References
More about our data sources and methodologies.