by our College Data Analytics TeamMost students are not billed 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 total price of attendance at West Michigan College of Barbering and Beauty can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will West Michigan College of Barbering and Beauty offer, and what will you qualify for? Read on for more information. Keep reading to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from West Michigan College of Barbering and Beauty.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at West Michigan College of Barbering and Beauty, 100% of new full-time first-years were awarded at least some aid approximately 13 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $3,248 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 46% | $3,248 |
| State/local grants | 0% | — |
| Federal student loans | 46% | $4,124 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at West Michigan College of Barbering and Beauty, about 54% of undergraduates were awarded grant or scholarship aid averaging $3,402 (among about 59 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $3,402 |
| Federal Pell grants | 54% | $3,402 |
| Federal student loans | 26% | $7,419 |
For students living on campus and receiving title-IV aid, grants averaged $4,163.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,314 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,314 |
| Off-campus title-IV students | $8,314 |
To project your own net price, use West Michigan College of Barbering and Beauty’s net price tool: westmichigancollegeofbarberingandbeauty.com/.
The middle student in the debt distribution at West Michigan College of Barbering and Beauty owes $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $10,433 |
| Typical 10-year monthly payment (graduates) | $110.61/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at West Michigan College of Barbering and Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $12,537 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. West Michigan College of Barbering and Beauty.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at West Michigan College of Barbering and Beauty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 189 |
| Total Stafford loan amount | $1,703,275 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.