by our College Data Analytics TeamA lot of students are not billed 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-Janesville can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Tricoci JAN offer you, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Tricoci University of Beauty Culture-Janesville.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Tricoci University of Beauty Culture-Janesville, 94% of first-year full-time students received aid of some kind some 30 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,268 |
| Institutional grants & scholarships | 6% | $125 |
| Federal Pell grants | 63% | $5,225 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $5,837 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Tricoci JAN, roughly 56% of undergraduates were awarded grant or scholarship aid averaging $5,356 (for some 94 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,356 |
| Federal Pell grants | 55% | $5,385 |
| Federal student loans | 63% | $6,542 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,012.
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 | $13,824 |
| $30,001 – $75,000 | $11,405 |
| Over $75,000 | $16,800 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,809 |
| Off-campus title-IV students | $13,832 |
To project your own net price, use Tricoci JAN’s net price tool: www.tricociuniversity.edu/admissions-financial-aid/beauty-school-calculator/.
A typical borrower at Tricoci JAN leaves with $8,175 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,175 |
| Median federal debt (graduates only) | $9,333 |
| Typical 10-year monthly payment (graduates) | $98.95/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Tricoci JAN.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,804 |
| 75th percentile | $12,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,236 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,187 |
| Independent students | $8,771 |
The figure below distills the debt data into a single burden category for Tricoci JAN.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Tricoci JAN:
| Metric | Value |
|---|---|
| Stafford loan recipients | 507 |
| Total Stafford loan amount | $4,974,632 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $9,710 |
| Average GI Bill amount per recipient | $9,710 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.