by our College Data Analytics TeamA lot of students will not be asked to pay 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 Elite Cosmetology School can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does Elite Cosmetology School provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Elite Cosmetology School.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Elite Cosmetology School, 89% of first-time, full-time freshmen received some form of financial aid some 25 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $6,486 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 86% | $6,338 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $6,918 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 66% of undergraduate students received gift aid averaging $4,650 (covering around 138 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,650 |
| Federal Pell grants | 66% | $4,567 |
| Federal student loans | 66% | $5,599 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,816.
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 | $15,275 |
| $30,001 – $75,000 | $19,716 |
| Over $75,000 | $22,295 |
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 | $19,655 |
| Off-campus title-IV students | $17,818 |
For a personalized estimate based on your family’s financial situation, use Elite Cosmetology School’s NPC: eliteschools.edu/net-price-calculator/.
The middle student in the debt distribution at Elite Cosmetology School owes $6,333 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $8,164 |
| Typical 10-year monthly payment (graduates) | $86.55/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Elite Cosmetology School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,905 |
| 25th percentile | $4,750 |
| 75th percentile | $10,556 |
| 90th percentile (highest-debt students) | $15,830 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,012 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Elite Cosmetology School.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Elite Cosmetology School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 669 |
| Total Stafford loan amount | $6,546,620 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $39,300 |
| Average GI Bill amount per recipient | $9,825 |
References
More about our data sources and methodologies.