by our College Data Analytics TeamThe majority 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 price tag of going to Franklin Hair Academy School of Cosmetology can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Franklin Hair Academy School of Cosmetology offer, and what will you qualify for? Read on for more information. Read on to find out just how much financial aid will be open 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 Franklin Hair Academy School of Cosmetology.
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.
At Franklin Hair Academy School of Cosmetology, 82% of first-time, full-time freshmen received some form of financial aid approximately 9 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $4,362 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 64% | $4,075 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $6,483 |
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 this school, around 35% of undergraduate students received gift aid averaging $4,222 (across roughly 39 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $4,222 |
| Federal Pell grants | 6% | $4,075 |
| Federal student loans | 8% | $6,483 |
For on-campus title-IV students, average grant aid came to $1,724.
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 | $22,321 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,321 |
| Off-campus title-IV students | $22,321 |
For a personalized estimate based on your family’s financial situation, use Franklin Hair Academy School of Cosmetology’s net price calculator: franklinhairacademy.com/wp-content/uploads/2016/09/npcalc.htm.
The figure below distills the debt data into a single burden category for Franklin Hair Academy School of Cosmetology.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Franklin Hair Academy School of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23 |
| Total Stafford loan amount | $105,017 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.