by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at E Q School of Hair Design can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can EQ School offer, and what will you qualify for? Keep reading for more information. Keep going to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at E Q School of Hair Design.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at E Q School of Hair Design, 94% of new full-time first-years were awarded at least some aid around 29 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,723 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $6,555 |
| State/local grants | 10% | $3,422 |
| Federal student loans | 94% | $8,821 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At EQ School, approximately 82% of undergraduates were awarded an average grant or scholarship of $6,423 (among about 62 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,423 |
| Federal Pell grants | 76% | $6,557 |
| Federal student loans | 88% | $8,066 |
Title-IV recipients living on campus saw average grant aid of $4,746.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,035 |
| $30,001 – $75,000 | $12,627 |
| Over $75,000 | $14,627 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $13,198 |
| Off-campus title-IV students | $13,258 |
For a customized cost estimate, visit EQ School’s net price tool: www.sohohairacademy.com/net-price-calculator.
The median federal debt load at EQ School comes to $8,550 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,550 |
| Median federal debt (graduates only) | $9,425 |
| Typical 10-year monthly payment (graduates) | $99.92/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at EQ School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $9,695 |
The figure below distills the debt data into a single burden category for EQ School.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at EQ School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 574 |
| Total Stafford loan amount | $3,638,587 |
References
More about our data sources and methodologies.