by our College Data Analytics TeamA lot of students will never be charged 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 Velvatex College of Beauty Culture can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Velvatex College of Beauty Culture offer, and what will you qualify for? Read on for more information. Keep going to discover what amount of financial assistance could be accessible 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 Velvatex College of Beauty Culture.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Velvatex College of Beauty Culture, 100% of new full-time first-years were awarded at least some aid approximately 12 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,952 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,952 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $6,750 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Velvatex College of Beauty Culture, roughly 100% of undergraduate students received gift aid averaging $10,446 (for some 19 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $10,446 |
| Federal Pell grants | 100% | $8,078 |
| Federal student loans | 47% | $7,368 |
For on-campus title-IV students, average grant aid came to $7,689.
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 | $10,042 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $6,909 |
| Off-campus title-IV students | $6,187 |
For a personalized estimate based on your family’s financial situation, use Velvatex College of Beauty Culture’s net price calculator: www.velvatexnetpricecalculator.com/.
The figure below distills the debt data into a single burden category for Velvatex College of Beauty Culture.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Velvatex College of Beauty Culture:
| Metric | Value |
|---|---|
| Stafford loan recipients | 76 |
| Total Stafford loan amount | $690,933 |
References
More about our data sources and methodologies.