by our College Data Analytics TeamA large number of students will never be charged 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 Georgia Institute of Cosmetology can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does GIC offer, and what will you qualify for? Keep scrolling for more information. Keep reading to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Georgia Institute of Cosmetology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Georgia Institute of Cosmetology, 81% of the incoming full-time class was awarded financial aid approximately 34 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $4,933 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $4,933 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $5,500 |
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, some 88% of undergraduate students received gift aid averaging $8,357 (across approximately 294 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $8,357 |
| Federal Pell grants | 78% | $4,302 |
| Federal student loans | 88% | $4,523 |
On-campus students receiving title-IV aid were awarded grants averaging $4,642.
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 | $10,728 |
| $30,001 – $75,000 | $15,721 |
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 | $14,397 |
| Off-campus title-IV students | $14,379 |
To get a personalized net price estimate, try GIC’s net price calculator: gic.edu/cosmetology-program-athens/.
The middle student in the debt distribution at GIC owes $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $11,273 |
| Typical 10-year monthly payment (graduates) | $119.51/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at GIC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $15,697 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,454 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at GIC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at GIC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2943 |
| Total Stafford loan amount | $34,319,170 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $132,405 |
| Average GI Bill amount per recipient | $16,551 |
References
More about our data sources and methodologies.