by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Vaughn Beauty College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Vaughn Beauty College provide, and just what are you going to be eligible for? Keep reading for answers. Read on to find out 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 Vaughn Beauty College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Vaughn Beauty College, 57% of first-time, full-time freshmen received some form of financial aid roughly 8 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $7,316 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $7,316 |
| State/local grants | 0% | — |
| Federal student loans | 21% | $4,231 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Vaughn Beauty College, roughly 40% of the undergraduate population received grant aid that averaged $5,923 (for some 37 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $5,923 |
| Federal Pell grants | 40% | $5,923 |
| Federal student loans | 15% | $4,878 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,316.
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 | $8,752 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $12,020 |
| Off-campus title-IV students | $8,752 |
To project your own net price, use Vaughn Beauty College’s net price tool: vaughnbeauty.com/netprice/index.html.
The figure below distills the debt data into a single burden category for Vaughn Beauty College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Vaughn Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21 |
| Total Stafford loan amount | $131,756 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $24,025 |
| Average GI Bill amount per recipient | $6,006 |
References
More about our data sources and methodologies.