by our College Data Analytics TeamA lot of students will not be asked to pay 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 total cost of going to Toni & Guy Hairdressing Academy-Albuquerque can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Toni & Guy Hairdressing Academy-Albuquerque offer, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Toni & Guy Hairdressing Academy-Albuquerque.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Toni & Guy Hairdressing Academy-Albuquerque, 87% of the incoming full-time class was awarded financial aid (about 73 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,478 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $5,478 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $6,108 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Toni & Guy Hairdressing Academy-Albuquerque, around 61% of the undergraduate population received grant aid that averaged $5,727 (across roughly 138 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $5,727 |
| Federal Pell grants | 59% | $5,048 |
| Federal student loans | 60% | $6,031 |
For students living on campus and receiving title-IV aid, grants averaged $3,567.
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 | $14,118 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $15,634 |
| Off-campus title-IV students | $13,920 |
For a personalized estimate based on your family’s financial situation, use Toni & Guy Hairdressing Academy-Albuquerque’s online cost calculator: paulmitchell.edu/albuquerque/tuition-calculator.
A typical borrower at Toni & Guy Hairdressing Academy-Albuquerque leaves with $7,667 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,667 |
| Median federal debt (graduates only) | $10,556 |
| Typical 10-year monthly payment (graduates) | $111.91/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Toni & Guy Hairdressing Academy-Albuquerque.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,596 |
| 25th percentile | $5,500 |
| 75th percentile | $17,667 |
| 90th percentile (highest-debt students) | $17,667 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,211 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $6,211 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,304 |
| Independent students | $6,211 |
The figure below distills the debt data into a single burden category for Toni & Guy Hairdressing Academy-Albuquerque.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Toni & Guy Hairdressing Academy-Albuquerque:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1066 |
| Total Stafford loan amount | $11,346,363 |
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 | 9 |
| Total GI Bill amount | $105,844 |
| Average GI Bill amount per recipient | $11,760 |
References
More about our data sources and methodologies.