by our College Data Analytics TeamA lot of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Toni & Guy Hairdressing Academy-Cranston can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Toni & Guy Hairdressing Academy-Cranston offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Toni & Guy Hairdressing Academy-Cranston.
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.
For incoming first-year students at Toni & Guy Hairdressing Academy-Cranston, 86% of first-time, full-time freshmen received some form of financial aid (about 44 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $7,618 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 55% | $6,818 |
| State/local grants | 4% | $15,000 |
| Federal student loans | 75% | $8,183 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, approximately 43% of the undergraduate population received grant aid that averaged $5,934 (among about 73 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $5,934 |
| Federal Pell grants | 42% | $5,343 |
| Federal student loans | 59% | $6,421 |
On-campus students receiving title-IV aid were awarded grants averaging $4,789.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,008 |
| $30,001 – $75,000 | $16,704 |
| Over $75,000 | $21,909 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $20,151 |
| Off-campus title-IV students | $18,493 |
For a customized cost estimate, visit Toni & Guy Hairdressing Academy-Cranston’s NPC: collectivacademy.com/npc/cranston/index.html.
The median student at Toni & Guy Hairdressing Academy-Cranston graduates with $7,667 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,667 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/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. The figures below chart the debt distribution at Toni & Guy Hairdressing Academy-Cranston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,207 |
| 25th percentile | $6,733 |
| 75th percentile | $13,163 |
| 90th percentile (highest-debt students) | $16,500 |
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 | $11,000 |
| Middle income | $7,667 |
| High income | $7,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $7,667 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $11,374 |
These indicators are derived from the underlying debt data and summarize the overall picture at Toni & Guy Hairdressing Academy-Cranston.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Toni & Guy Hairdressing Academy-Cranston:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1085 |
| Total Stafford loan amount | $10,655,317 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.