by our College Data Analytics TeamA large number of 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 price tag of going to Empire Beauty School-Rochester can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Empire Beauty School-Rochester provide, and just what are you going to be eligible for? Read on for answers. Keep going to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Empire Beauty School-Rochester.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Empire Beauty School-Rochester, 75% of entering full-time freshmen got some type of financial assistance some 39 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,189 |
| Institutional grants & scholarships | 6% | $133 |
| Federal Pell grants | 69% | $6,144 |
| State/local grants | 0% | — |
| Federal student loans | 62% | $7,875 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Empire Beauty School-Rochester, approximately 68% of undergraduates were awarded an average grant or scholarship of $5,414 (for some 97 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,414 |
| Federal Pell grants | 68% | $5,408 |
| Federal student loans | 61% | $8,043 |
For students living on campus and receiving title-IV aid, grants averaged $5,713.
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 | $17,152 |
| $30,001 – $75,000 | $17,480 |
| Over $75,000 | $22,101 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,264 |
| Off-campus title-IV students | $17,701 |
For a customized cost estimate, visit Empire Beauty School-Rochester’s official net price calculator: www.empire.edu/net-price-calculator.
The middle student in the debt distribution at Empire Beauty School-Rochester owes $6,222 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,222 |
| Median federal debt (graduates only) | $10,667 |
| Typical 10-year monthly payment (graduates) | $113.09/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Empire Beauty School-Rochester.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $10,274 |
| 90th percentile (highest-debt students) | $12,953 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,222 |
| High income | $6,152 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,222 |
| Continuing-generation students | $6,222 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,925 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Empire Beauty School-Rochester.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Empire Beauty School-Rochester:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16533 |
| Total Stafford loan amount | $148,604,775 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $15,706 |
| Average GI Bill amount per recipient | $7,853 |
References
More about our data sources and methodologies.