by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Elite College of Cosmetology can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Elite College of Cosmetology offer, and what will you qualify for? Read on for more information. Scroll down to find out what amount of financial assistance will be accessible 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 Elite College of Cosmetology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Elite College of Cosmetology, 100% of first-year full-time students received aid of some kind some 25 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $4,821 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 84% | $4,821 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $4,114 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Elite College of Cosmetology, roughly 69% of undergrads got grants or scholarships worth on average $6,561 (covering around 59 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,561 |
| Federal Pell grants | 66% | $4,128 |
| Federal student loans | 46% | $3,998 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,694.
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 | $12,696 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,041 |
| Off-campus title-IV students | $12,894 |
For a customized cost estimate, visit Elite College of Cosmetology’s NPC: realpages.com/sites/elitecollegeofcosmetology/npcalc.htm.
The median federal debt load at Elite College of Cosmetology comes to $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure 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 Elite College of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $6,000 |
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 | $5,475 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,343 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Elite College of Cosmetology.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Elite College of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 479 |
| Total Stafford loan amount | $2,670,621 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $39,850 |
| Average GI Bill amount per recipient | $13,283 |
References
More about our data sources and methodologies.