by our College Data Analytics TeamMany students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to The Institute of Beauty and Wellness can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will The Institute of Beauty and Wellness offer you, and what will you qualify for? Read on for more information. Keep going to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from The Institute of Beauty and Wellness.
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.
For freshmen starting at The Institute of Beauty and Wellness, 73% of entering full-time freshmen got some type of financial assistance some 65 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,140 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 51% | $5,140 |
| State/local grants | 0% | — |
| Federal student loans | 70% | $7,207 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At The Institute of Beauty and Wellness, about 54% of undergraduate students received gift aid averaging $5,809 (covering around 195 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,809 |
| Federal Pell grants | 54% | $5,809 |
| Federal student loans | 75% | $8,516 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,293.
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 | $9,944 |
| $30,001 – $75,000 | $14,262 |
| Over $75,000 | $19,106 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,897 |
| Off-campus title-IV students | $13,964 |
To project your own net price, use The Institute of Beauty and Wellness’s NPC: ibw.edu/admissions/financial-aid/.
Graduating students at The Institute of Beauty and Wellness carry a median federal student debt of $6,333 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at The Institute of Beauty and Wellness.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,584 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $17,451 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. The Institute of Beauty and Wellness.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at The Institute of Beauty and Wellness:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2016 |
| Total Stafford loan amount | $16,917,571 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $79,856 |
| Average GI Bill amount per recipient | $13,309 |
References
More about our data sources and methodologies.