by our College Data Analytics TeamMost 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 total price of attendance at Cosmetology & Spa Academy can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Cosmetology & Spa Academy provide, and just what are you going to be eligible for? Keep reading for answers. Read on to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Cosmetology & Spa 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Cosmetology & Spa Academy, 88% of the incoming full-time class was awarded financial aid some 252 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,770 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $5,770 |
| State/local grants | 0% | — |
| Federal student loans | 85% | $7,540 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Cosmetology & Spa Academy, about 61% of undergraduates were awarded grant or scholarship aid averaging $4,410 (among about 439 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,410 |
| Federal Pell grants | 61% | $4,410 |
| Federal student loans | 66% | $8,310 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,396.
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 | $14,597 |
| $30,001 – $75,000 | $14,872 |
| Over $75,000 | $20,045 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,708 |
| Off-campus title-IV students | $15,842 |
For a personalized estimate based on your family’s financial situation, use Cosmetology & Spa Academy’s online cost calculator: www.cosmetologyandspaacademy.edu/net-price-calculator.
The median federal debt load at Cosmetology & Spa Academy comes to $7,917 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Cosmetology & Spa Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $12,314 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,792 |
| Independent students | $7,917 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Cosmetology & Spa Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Cosmetology & Spa Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2181 |
| Total Stafford loan amount | $18,398,959 |
References
More about our data sources and methodologies.