by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Twin City Beauty College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Twin City Beauty College offer you, and what will you qualify for? Keep reading for more information. Read on to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Twin City Beauty College.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Twin City Beauty College, 70% of new full-time first-years were awarded at least some aid around 133 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $5,174 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 53% | $5,174 |
| State/local grants | 0% | — |
| Federal student loans | 48% | $6,584 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Twin City Beauty College, approximately 54% of undergraduate students received gift aid averaging $4,653 (across approximately 165 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,653 |
| Federal Pell grants | 54% | $4,653 |
| Federal student loans | 46% | $6,293 |
Title-IV recipients living on campus saw average grant aid of $4,382.
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 | $20,419 |
| $30,001 – $75,000 | $20,645 |
| Over $75,000 | $25,621 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,125 |
| Off-campus title-IV students | $21,017 |
For an estimate tailored to your family circumstances, see Twin City Beauty College’s net price calculator: www.tcbeautycollege.com/net-price-calculator.
A typical borrower at Twin City Beauty College leaves with $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,320 |
| Typical 10-year monthly payment (graduates) | $98.81/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Twin City Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,735 |
| 25th percentile | $4,750 |
| 75th percentile | $10,338 |
| 90th percentile (highest-debt students) | $13,833 |
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 | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Twin City Beauty College.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Twin City Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1710 |
| Total Stafford loan amount | $14,107,789 |
References
More about our data sources and methodologies.