by our College Data Analytics TeamMost 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 sum total of attendance at Wade Gordon Hairdressing Academy-Lubbock can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Wade Gordon Hairdressing Academy-Lubbock offer, and what will you qualify for? Read on for more information. Keep going to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Wade Gordon Hairdressing Academy-Lubbock.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Wade Gordon Hairdressing Academy-Lubbock, 85% of the incoming full-time class was awarded financial aid roughly 57 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,936 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 82% | $6,936 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $7,397 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Wade Gordon Hairdressing Academy-Lubbock, around 76% of undergraduate students received gift aid averaging $5,610 (for some 111 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,610 |
| Federal Pell grants | 76% | $5,610 |
| Federal student loans | 73% | $5,541 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,552.
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 | $25,243 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,288 |
| Off-campus title-IV students | $25,243 |
To get a personalized net price estimate, try Wade Gordon Hairdressing Academy-Lubbock’s NPC: www.wadegordonacademy.com/financial-aid/.
The median student at Wade Gordon Hairdressing Academy-Lubbock graduates with $7,710 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,710 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Wade Gordon Hairdressing Academy-Lubbock.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,767 |
| 25th percentile | $4,750 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $13,833 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,128 |
| Middle income | $7,526 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,778 |
| Continuing-generation students | $7,666 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,447 |
| Independent students | $8,818 |
The figure below distills the debt data into a single burden category for Wade Gordon Hairdressing Academy-Lubbock.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Wade Gordon Hairdressing Academy-Lubbock:
| Metric | Value |
|---|---|
| Stafford loan recipients | 994 |
| Total Stafford loan amount | $8,188,677 |
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 | 2 |
| Total GI Bill amount | $23,638 |
| Average GI Bill amount per recipient | $11,819 |
References
More about our data sources and methodologies.