by our College Data Analytics TeamA lot of 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 Tricoci University of Beauty Culture-Elgin can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does Tricoci Elgin offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Tricoci University of Beauty Culture-Elgin.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Tricoci University of Beauty Culture-Elgin, 80% of first-time, full-time freshmen received some form of financial aid (about 24 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $7,831 |
| Institutional grants & scholarships | 37% | $870 |
| Federal Pell grants | 60% | $7,593 |
| State/local grants | 0% | — |
| Federal student loans | 73% | $8,684 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Tricoci Elgin, around 50% of undergrads got grants or scholarships worth on average $5,393 (among about 125 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $5,393 |
| Federal Pell grants | 47% | $5,329 |
| Federal student loans | 54% | $6,717 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,037.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,339 |
| $30,001 – $75,000 | $17,775 |
| Over $75,000 | $17,417 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,671 |
| Off-campus title-IV students | $17,863 |
For an estimate tailored to your family circumstances, see Tricoci Elgin’s official net price calculator: www.tricociuniversity.edu/admissions-financial-aid/beauty-school-calculator/.
The median student at Tricoci Elgin graduates with $7,307 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,307 |
| Median federal debt (graduates only) | $7,307 |
| Typical 10-year monthly payment (graduates) | $77.47/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Tricoci Elgin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $11,357 |
| 90th percentile (highest-debt students) | $14,926 |
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 | $7,307 |
| Middle income | $7,307 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,307 |
| Continuing-generation students | $7,307 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,304 |
| Independent students | $7,307 |
The figure below distills the debt data into a single burden category for Tricoci Elgin.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Tricoci Elgin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1541 |
| Total Stafford loan amount | $12,602,772 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.