by our College Data Analytics TeamA large number of students are not billed 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 sum total of attendance at Ea La Mar’s Cosmetology & Barber College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Ea La Mar’s Cosmetology & Barber College deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Ea La Mar’s Cosmetology & Barber College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Ea La Mar’s Cosmetology & Barber College, 83% of first-time, full-time freshmen received some form of financial aid around 15 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,548 |
| Institutional grants & scholarships | 6% | $1,000 |
| Federal Pell grants | 50% | $6,437 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $8,567 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Ea La Mar’s Cosmetology & Barber College, about 63% of the undergraduate population received grant aid that averaged $6,105 (covering around 26 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,105 |
| Federal Pell grants | 63% | $6,067 |
| Federal student loans | 63% | $8,027 |
Title-IV recipients living on campus saw average grant aid of $5,358.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,747 |
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 | $17,823 |
| Off-campus title-IV students | $18,062 |
For a customized cost estimate, visit Ea La Mar’s Cosmetology & Barber College’s net price tool: www.ealamarscollege.com/net-price-calculator.
The middle student in the debt distribution at Ea La Mar’s Cosmetology & Barber College owes $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $11,960 |
| Typical 10-year monthly payment (graduates) | $126.8/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Ea La Mar’s Cosmetology & Barber College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Ea La Mar’s Cosmetology & Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 101 |
| Total Stafford loan amount | $825,875 |
References
More about our data sources and methodologies.