by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Wade Gordon Hairdressing Academy-Oklahoma can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Wade Gordon Hairdressing Academy-Oklahoma deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Wade Gordon Hairdressing Academy-Oklahoma.
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.
At Wade Gordon Hairdressing Academy-Oklahoma, 74% of first-time, full-time freshmen received some form of financial aid around 14 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $7,141 |
| Institutional grants & scholarships | 5% | $1,000 |
| Federal Pell grants | 68% | $7,064 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $7,318 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 41% of undergraduate students received gift aid averaging $7,172 (across approximately 15 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $7,172 |
| Federal Pell grants | 41% | $7,105 |
| Federal student loans | 43% | $7,180 |
For on-campus title-IV students, average grant aid came to $7,281.
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 | $17,334 |
For a customized cost estimate, visit Wade Gordon Hairdressing Academy-Oklahoma’s official net price calculator: www.wadegordonacademy.com/financial-aid/.
The median student at Wade Gordon Hairdressing Academy-Oklahoma graduates with $7,710 of cumulative federal debt.
| 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Wade Gordon Hairdressing Academy-Oklahoma.
| 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.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,128 |
| Middle income | $7,526 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,778 |
| Continuing-generation students | $7,666 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,447 |
| Independent students | $8,818 |
A handful of calculated indicators summarize the debt outlook at Wade Gordon Hairdressing Academy-Oklahoma.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Wade Gordon Hairdressing Academy-Oklahoma:
| Metric | Value |
|---|---|
| Stafford loan recipients | 994 |
| Total Stafford loan amount | $8,188,677 |
References
More about our data sources and methodologies.