by our College Data Analytics TeamA large number of students will not be asked to pay 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 total cost of going to Baltimore Studio of Hair Design can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Baltimore Studio of Hair Design deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Baltimore Studio of Hair Design.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Baltimore Studio of Hair Design, 100% of first-year full-time students received aid of some kind around 11 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $4,675 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 91% | $4,200 |
| State/local grants | 36% | $500 |
| Federal student loans | 100% | $5,350 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 98% of undergrads got grants or scholarships worth on average $4,773 (for some 40 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $4,773 |
| Federal Pell grants | 98% | $4,400 |
| Federal student loans | 98% | $5,250 |
For students living on campus and receiving title-IV aid, grants averaged $4,250.
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 | $16,645 |
| $30,001 – $75,000 | $20,918 |
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 | $17,140 |
| Off-campus title-IV students | $17,001 |
For a customized cost estimate, visit Baltimore Studio of Hair Design’s net price calculator: baltimorestudio.com/Netprice1.html/npcalc.htm.html.
The median student at Baltimore Studio of Hair Design graduates with $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,463 |
| Typical 10-year monthly payment (graduates) | $89.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Baltimore Studio of Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,224 |
| Independent students | $7,510 |
A handful of calculated indicators summarize the debt outlook at Baltimore Studio of Hair Design.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Baltimore Studio of Hair Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 993 |
| Total Stafford loan amount | $6,354,339 |
References
More about our data sources and methodologies.