by our College Data Analytics TeamMany 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 price tag of going to Butler Beauty Academy - New Castle Beauty Academy can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Butler Beauty Academy - New Castle Beauty Academy offer, and what will you qualify for? Keep reading for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Butler Beauty Academy - New Castle Beauty Academy.
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.
Among first-time, full-time freshmen at Butler Beauty Academy - New Castle Beauty Academy, 63% of entering full-time freshmen got some type of financial assistance (about 10 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $5,881 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 44% | $6,010 |
| State/local grants | 6% | $4,975 |
| Federal student loans | 44% | $5,620 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 51% of undergrads got grants or scholarships worth on average $5,288 (across approximately 19 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,288 |
| Federal Pell grants | 43% | $5,562 |
| Federal student loans | 46% | $4,862 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,010.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,970 |
| $30,001 – $75,000 | $10,441 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,962 |
| Off-campus title-IV students | $8,970 |
For an estimate tailored to your family circumstances, see Butler Beauty Academy - New Castle Beauty Academy’s NPC: beautyacademies.net/wp-content/uploads/2024/03/NetPriceCalc.html.
A typical borrower at Butler Beauty Academy - New Castle Beauty Academy leaves with $7,481 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,481 |
| Median federal debt (graduates only) | $7,500 |
| Typical 10-year monthly payment (graduates) | $79.51/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Butler Beauty Academy - New Castle Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,725 |
| 25th percentile | $4,025 |
| 75th percentile | $8,028 |
| 90th percentile (highest-debt students) | $11,590 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Butler Beauty Academy - New Castle Beauty Academy.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Butler Beauty Academy - New Castle Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1073 |
| Total Stafford loan amount | $8,256,405 |
References
More about our data sources and methodologies.