by our College Data Analytics TeamMost 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 price tag of going to Toni & Guy Hairdressing Academy-Worcester can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Toni & Guy Hairdressing Academy-Worcester offer, 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.
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-Worcester.
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-Worcester, 80% of first-time, full-time freshmen received some form of financial aid around 53 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $6,815 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 53% | $6,464 |
| State/local grants | 17% | $1,118 |
| Federal student loans | 74% | $7,229 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 51% of undergraduates were awarded an average grant or scholarship of $5,465 (across approximately 165 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,465 |
| Federal Pell grants | 50% | $5,199 |
| Federal student loans | 73% | $5,386 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,500.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $34,736 |
| $30,001 – $75,000 | $38,066 |
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 | $24,598 |
| Off-campus title-IV students | $34,772 |
For a customized cost estimate, visit Toni & Guy Hairdressing Academy-Worcester’s online cost calculator: collectivacademy.com/npc/braintree/index.html.
The middle student in the debt distribution at Toni & Guy Hairdressing Academy-Worcester owes $6,222 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,222 |
| Median federal debt (graduates only) | $6,222 |
| Typical 10-year monthly payment (graduates) | $65.96/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. Use the percentiles below to see the debt range at Toni & Guy Hairdressing Academy-Worcester.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,462 |
| 25th percentile | $6,222 |
| 75th percentile | $10,667 |
| 90th percentile (highest-debt students) | $10,667 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,074 |
| Middle income | $6,222 |
| High income | $6,222 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $10,667 |
The figure below distills the debt data into a single burden category for Toni & Guy Hairdressing Academy-Worcester.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Toni & Guy Hairdressing Academy-Worcester:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1575 |
| Total Stafford loan amount | $11,430,288 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.