by our College Data Analytics TeamThe majority 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 price tag of going to Artistic Academy of Hair Design can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Artistic Academy offer you, and what will you qualify for? Keep reading for more information. Read on 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 Artistic Academy of Hair Design.
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.
Looking at the entering class at Artistic Academy of Hair Design, 97% of first-year full-time students received aid of some kind some 33 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $3,356 |
| Institutional grants & scholarships | 97% | $1,313 |
| Federal Pell grants | 35% | $5,132 |
| State/local grants | 0% | — |
| Federal student loans | 65% | $4,880 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Artistic Academy, approximately 73% of the undergraduate population received grant aid that averaged $3,133 (among about 98 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $3,133 |
| Federal Pell grants | 27% | $4,847 |
| Federal student loans | 44% | $5,111 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,807.
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 | $23,786 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $19,085 |
| Off-campus title-IV students | $23,786 |
To get a personalized net price estimate, try Artistic Academy’s online cost calculator: www.artisticacademy.com/page/consumer-information/net-price-calculator.
The median federal debt load at Artistic Academy comes to $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
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 Artistic Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,391 |
| 25th percentile | $4,266 |
| 75th percentile | $6,332 |
| 90th percentile (highest-debt students) | $9,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,094 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,354 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,210 |
| Independent students | $6,332 |
The figure below distills the debt data into a single burden category for Artistic Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Artistic Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1000 |
| Total Stafford loan amount | $4,788,027 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $6,192 |
| Average GI Bill amount per recipient | $6,192 |
References
More about our data sources and methodologies.