by our College Data Analytics TeamA large number of 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 sum total of attendance at Elite Academy of Hair Design can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does Elite Academy of Hair Design provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to discover how much school funding could be available 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 Elite Academy of Hair Design.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Elite Academy of Hair Design, 84% of entering full-time freshmen got some type of financial assistance approximately 53 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $4,437 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 59% | $4,143 |
| State/local grants | 3% | $3,100 |
| Federal student loans | 73% | $3,586 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 61% of undergrads got grants or scholarships worth on average $4,611 (among about 65 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,611 |
| Federal Pell grants | 61% | $4,253 |
| Federal student loans | 71% | $3,897 |
For students living on campus and receiving title-IV aid, grants averaged $4,061.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,951 |
| $30,001 – $75,000 | $17,309 |
| Over $75,000 | $17,309 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,456 |
| Off-campus title-IV students | $13,208 |
For an estimate tailored to your family circumstances, see Elite Academy of Hair Design’s NPC: www.eliteacademyofhairdesign.com/net-price-calculator.
Graduating students at Elite Academy of Hair Design carry a median federal student debt of $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,837 |
| Typical 10-year monthly payment (graduates) | $72.48/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,576 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Elite Academy of Hair Design.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Elite Academy of Hair Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 109 |
| Total Stafford loan amount | $679,746 |
References
More about our data sources and methodologies.