by our College Data Analytics TeamThe majority of 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 sum total of attendance at The Professional Hair Design Academy can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will PHD Academy deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from The Professional Hair Design Academy.
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.
For freshmen starting at The Professional Hair Design Academy, 76% of entering full-time freshmen got some type of financial assistance (about 13 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $6,188 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 41% | $6,188 |
| State/local grants | 0% | — |
| Federal student loans | 65% | $10,035 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at PHD Academy, around 38% of undergrads got grants or scholarships worth on average $5,484 (for some 39 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,484 |
| Federal Pell grants | 36% | $5,029 |
| Federal student loans | 43% | $8,868 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,332.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,819 |
| $30,001 – $75,000 | $19,660 |
| Over $75,000 | $23,207 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $19,451 |
| Off-campus title-IV students | $20,644 |
For a customized cost estimate, visit PHD Academy’s net price calculator: phdacademy.edu/net-price-calculator/.
The median federal debt load at PHD Academy comes to $6,650 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,650 |
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at PHD Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,946 |
| 75th percentile | $12,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. PHD Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at PHD Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 625 |
| Total Stafford loan amount | $4,766,928 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $16,693 |
| Average GI Bill amount per recipient | $8,347 |
References
More about our data sources and methodologies.