by our College Data Analytics TeamMany students will not be asked to pay 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 Educators of Beauty College of Cosmetology-Rockford can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Educators of Beauty College of Cosmetology-Rockford offer you, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open 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 Educators of Beauty College of Cosmetology-Rockford.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Educators of Beauty College of Cosmetology-Rockford, 87% of first-time, full-time freshmen received some form of financial aid approximately 72 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,064 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 76% | $5,064 |
| State/local grants | 0% | — |
| Federal student loans | 78% | $5,724 |
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 Educators of Beauty College of Cosmetology-Rockford, approximately 69% of undergraduates were awarded grant or scholarship aid averaging $5,418 (across approximately 105 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,418 |
| Federal Pell grants | 69% | $5,418 |
| Federal student loans | 64% | $6,908 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,788.
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 | $12,359 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,174 |
| Off-campus title-IV students | $12,033 |
For a personalized estimate based on your family’s financial situation, use Educators of Beauty College of Cosmetology-Rockford’s NPC: educatorsofbeauty.com/admissions/affordability/.
The median federal debt load at Educators of Beauty College of Cosmetology-Rockford comes to $9,500 of federal borrowing.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Educators of Beauty College of Cosmetology-Rockford.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $11,949 |
| 90th percentile (highest-debt students) | $13,853 |
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 |
| Middle income | $9,673 |
| High income | $9,830 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,738 |
| Independent students | $11,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Educators of Beauty College of Cosmetology-Rockford.
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-Rockford:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1445 |
| Total Stafford loan amount | $13,615,802 |
References
More about our data sources and methodologies.