by our College Data Analytics TeamA lot of students are not billed 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 total cost of going to Empire Beauty School-Lancaster can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Empire Beauty School-Lancaster deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Empire Beauty School-Lancaster.
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 incoming first-year students at Empire Beauty School-Lancaster, 77% of first-time, full-time freshmen received some form of financial aid roughly 50 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,920 |
| Institutional grants & scholarships | 25% | $1,169 |
| Federal Pell grants | 62% | $6,035 |
| State/local grants | 0% | — |
| Federal student loans | 63% | $7,545 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 62% of undergraduate students received gift aid averaging $5,593 (for some 85 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $5,593 |
| Federal Pell grants | 58% | $5,565 |
| Federal student loans | 55% | $7,543 |
For on-campus title-IV students, average grant aid came to $5,437.
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 | $15,814 |
| $30,001 – $75,000 | $16,201 |
| Over $75,000 | $20,549 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,135 |
| Off-campus title-IV students | $16,660 |
For a personalized estimate based on your family’s financial situation, use Empire Beauty School-Lancaster’s NPC: www.empire.edu/net-price-calculator.
The median student at Empire Beauty School-Lancaster graduates with $8,028 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,028 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/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 four reference points below map the debt distribution at Empire Beauty School-Lancaster.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,252 |
| 90th percentile (highest-debt students) | $13,700 |
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 | $7,955 |
| Middle income | $8,028 |
| High income | $8,025 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $8,028 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Empire Beauty School-Lancaster.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Empire Beauty School-Lancaster:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14568 |
| Total Stafford loan amount | $145,421,343 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.