by our College Data Analytics TeamMost 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 The Hair Academy LLC can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will The Hair Academy LLC deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at The Hair Academy LLC.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at The Hair Academy LLC, 100% of the incoming full-time class was awarded financial aid approximately 43 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,461 |
| Institutional grants & scholarships | 100% | $614 |
| Federal Pell grants | 72% | $5,337 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $5,667 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, around 78% of undergraduates were awarded grant or scholarship aid averaging $4,228 (covering around 92 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $4,228 |
| Federal Pell grants | 61% | $4,579 |
| Federal student loans | 59% | $4,713 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,347.
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 | $16,234 |
| $30,001 – $75,000 | $16,937 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $22,823 |
| Off-campus title-IV students | $16,234 |
To project your own net price, use The Hair Academy LLC’s net price calculator: nces.ed.gov/globallocator/col_info_popup.asp?ID=220163.
The median student at The Hair Academy LLC graduates with $6,740 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,740 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at The Hair Academy LLC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,833 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,950 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,005 |
| Independent students | $7,100 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. The Hair Academy LLC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at The Hair Academy LLC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 486 |
| Total Stafford loan amount | $3,802,746 |
References
More about our data sources and methodologies.