by our College Data Analytics TeamMany students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Educators of Beauty College of Cosmetology-Peru can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Educators of Beauty College of Cosmetology-Peru offer you, and what will you qualify for? Read on for more information. Keep going 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Educators of Beauty College of Cosmetology-Peru.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Educators of Beauty College of Cosmetology-Peru, 91% of first-year full-time students received aid of some kind approximately 42 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $5,628 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 72% | $5,628 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $6,566 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Educators of Beauty College of Cosmetology-Peru, around 65% of undergraduates were awarded grant or scholarship aid averaging $6,210 (across approximately 52 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $6,210 |
| Federal Pell grants | 65% | $6,210 |
| Federal student loans | 59% | $8,093 |
For on-campus title-IV students, average grant aid came to $4,422.
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 | $11,384 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $10,866 |
| Off-campus title-IV students | $11,058 |
To get a personalized net price estimate, try Educators of Beauty College of Cosmetology-Peru’s net price tool: educatorsofbeauty.com/admissions/affordability/.
The middle student in the debt distribution at Educators of Beauty College of Cosmetology-Peru owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Educators of Beauty College of Cosmetology-Peru.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,745 |
| 75th percentile | $13,666 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,713 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Educators of Beauty College of Cosmetology-Peru.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Educators of Beauty College of Cosmetology-Peru:
| Metric | Value |
|---|---|
| Stafford loan recipients | 508 |
| Total Stafford loan amount | $4,813,497 |
References
More about our data sources and methodologies.