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 price tag of going to Hillsdale Beauty College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Hillsdale Beauty College offer, and what will you qualify for? Read on for more information. Keep reading to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Hillsdale Beauty College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Hillsdale Beauty College, 77% of first-time, full-time freshmen received some form of financial aid some 17 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $3,429 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $3,429 |
| State/local grants | 0% | — |
| Federal student loans | 77% | $5,124 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Hillsdale Beauty College, roughly 48% of undergrads got grants or scholarships worth on average $5,126 (across approximately 23 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,126 |
| Federal Pell grants | 48% | $5,126 |
| Federal student loans | 60% | $5,491 |
On-campus students receiving title-IV aid were awarded grants averaging $3,215.
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 | $15,119 |
| $30,001 – $75,000 | $15,792 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,015 |
| Off-campus title-IV students | $15,148 |
To get a personalized net price estimate, try Hillsdale Beauty College’s official net price calculator: hillsdalebeautycollege.com/net-price-calculator-mi-cosmetology-school/.
A typical borrower at Hillsdale Beauty College leaves with $9,064 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,064 |
| Median federal debt (graduates only) | $9,377 |
| Typical 10-year monthly payment (graduates) | $99.41/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A handful of calculated indicators summarize the debt outlook at Hillsdale Beauty College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Hillsdale Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 259 |
| Total Stafford loan amount | $1,754,312 |
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.
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.