by our College Data Analytics TeamThe majority of students will never be charged 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 cost of going to Beauty Academy of South Florida can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Beauty Academy of South Florida provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Beauty Academy of South Florida.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Beauty Academy of South Florida, 86% of first-year full-time students received aid of some kind some 355 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,401 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $6,306 |
| State/local grants | 0% | — |
| Federal student loans | 85% | $8,120 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Beauty Academy of South Florida, around 63% of undergraduates were awarded an average grant or scholarship of $6,088 (for some 429 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,088 |
| Federal Pell grants | 63% | $5,966 |
| Federal student loans | 58% | $7,825 |
For on-campus title-IV students, average grant aid came to $6,522.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,528 |
| $30,001 – $75,000 | $10,838 |
| Over $75,000 | $15,268 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $52,816 |
| Off-campus title-IV students | $57,276 |
To project your own net price, use Beauty Academy of South Florida’s net price tool: www.basf.edu/consumer-information.
The median federal debt load at Beauty Academy of South Florida comes to $6,223 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,223 |
| Median federal debt (graduates only) | $6,458 |
| Typical 10-year monthly payment (graduates) | $68.47/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
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 Beauty Academy of South Florida.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,364 |
| 25th percentile | $5,333 |
| 75th percentile | $7,605 |
| 90th percentile (highest-debt students) | $9,082 |
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 | $6,223 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Beauty Academy of South Florida.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Beauty Academy of South Florida:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1340 |
| Total Stafford loan amount | $8,153,019 |
References
More about our data sources and methodologies.