by our College Data Analytics TeamA lot 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 total price of attendance at Aveda Institute - Minneapolis can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Aveda Institute - Minneapolis offer you, and what will you qualify for? Read on for more information. Read on to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Aveda Institute - Minneapolis.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Aveda Institute - Minneapolis, 95% of new full-time first-years were awarded at least some aid approximately 124 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,110 |
| Institutional grants & scholarships | 2% | $1,500 |
| Federal Pell grants | 36% | $5,431 |
| State/local grants | 56% | $2,970 |
| Federal student loans | 60% | $6,724 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 39% of undergraduate students received gift aid averaging $5,392 (across approximately 349 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $5,392 |
| Federal Pell grants | 25% | $4,612 |
| Federal student loans | 39% | $6,008 |
For on-campus title-IV students, average grant aid came to $4,229.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,739 |
| $30,001 – $75,000 | $17,878 |
| Over $75,000 | $24,331 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $18,345 |
| Off-campus title-IV students | $20,690 |
For an estimate tailored to your family circumstances, see Aveda Institute - Minneapolis’s online cost calculator: avedaarts.edu/program-information/2019/net-price-calculator/npcalc-minneapolis.htm.
The middle student in the debt distribution at Aveda Institute - Minneapolis owes $6,023 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,023 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Aveda Institute - Minneapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,446 |
| 25th percentile | $3,666 |
| 75th percentile | $10,194 |
| 90th percentile (highest-debt students) | $13,099 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,069 |
| Middle income | $6,333 |
| High income | $3,666 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,332 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Aveda Institute - Minneapolis.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Aveda Institute - Minneapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4090 |
| Total Stafford loan amount | $27,020,771 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $15,000 |
| Average GI Bill amount per recipient | $15,000 |
References
More about our data sources and methodologies.