by our College Data Analytics TeamMany students are not billed 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 total cost of going to American Academy of Cosmetology can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can American Academy of Cosmetology offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from American Academy of Cosmetology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at American Academy of Cosmetology, 58% of the incoming full-time class was awarded financial aid (about 23 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,930 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $4,930 |
| State/local grants | 0% | — |
| Federal student loans | 53% | $5,387 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 63% of undergraduates were awarded grant or scholarship aid averaging $5,116 (for some 96 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,116 |
| Federal Pell grants | 63% | $5,116 |
| Federal student loans | 63% | $5,275 |
On-campus students receiving title-IV aid were awarded grants averaging $6,503.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,391 |
| $30,001 – $75,000 | $23,274 |
| Over $75,000 | $24,697 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $19,121 |
| Off-campus title-IV students | $23,727 |
For an estimate tailored to your family circumstances, see American Academy of Cosmetology’s NPC: www.aacschool.com/netpricecalc.html.
The middle student in the debt distribution at American Academy of Cosmetology owes $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,638 |
| Typical 10-year monthly payment (graduates) | $80.98/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at American Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,200 |
| 25th percentile | $4,750 |
| 75th percentile | $12,141 |
| 90th percentile (highest-debt students) | $13,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $5,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,845 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at American Academy of Cosmetology.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at American Academy of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 898 |
| Total Stafford loan amount | $7,581,637 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 27 |
| Total GI Bill amount | $418,850 |
| Average GI Bill amount per recipient | $15,513 |
References
More about our data sources and methodologies.