by our College Data Analytics TeamThe majority of students will never be charged 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 The Hair Academy can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can The Hair Academy offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at The Hair Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at The Hair Academy, 82% of the incoming full-time class was awarded financial aid around 14 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $8,950 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,153 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $10,008 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 50% of undergraduates were awarded grant or scholarship aid averaging $7,901 (covering around 39 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $7,901 |
| Federal Pell grants | 44% | $5,727 |
| Federal student loans | 50% | $9,939 |
Title-IV recipients living on campus saw average grant aid of $5,274.
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 | $14,459 |
| $30,001 – $75,000 | $13,620 |
| Over $75,000 | $18,955 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,950 |
| Off-campus title-IV students | $15,739 |
To get a personalized net price estimate, try The Hair Academy’s NPC: thehairacademynd.com/npcalc.html.
The median student at The Hair Academy graduates with $10,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,000 |
| Median federal debt (graduates only) | $11,630 |
| Typical 10-year monthly payment (graduates) | $123.3/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at The Hair Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,582 |
| 75th percentile | $11,924 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,269 |
| Continuing-generation students | $11,798 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,700 |
| Independent students | $13,178 |
A handful of calculated indicators summarize the debt outlook at The Hair Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at The Hair Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 355 |
| Total Stafford loan amount | $3,354,133 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $26,373 |
| Average GI Bill amount per recipient | $13,187 |
References
More about our data sources and methodologies.