by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Hot Springs Beauty College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Hot Springs Beauty College offer you, and what will you qualify for? Read on for more information. Scroll down 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. Use the information below to understand how much financial assistance you may get from Hot Springs Beauty College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Hot Springs Beauty College, 90% of new full-time first-years were awarded at least some aid approximately 26 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $6,774 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 90% | $6,774 |
| State/local grants | 0% | — |
| Federal student loans | 72% | $8,025 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Hot Springs Beauty College, approximately 74% of undergraduate students received gift aid averaging $6,348 (for some 106 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $6,348 |
| Federal Pell grants | 74% | $6,300 |
| Federal student loans | 59% | $7,351 |
On-campus students receiving title-IV aid were awarded grants averaging $6,774.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,699 |
| $30,001 – $75,000 | $10,193 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,294 |
| Off-campus title-IV students | $10,792 |
For an estimate tailored to your family circumstances, see Hot Springs Beauty College’s net price calculator: hotspringsbeautycollege.com/disclosures.
Graduating students at Hot Springs Beauty College carry a median federal student debt of $8,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,000 |
| Median federal debt (graduates only) | $9,700 |
| Typical 10-year monthly payment (graduates) | $102.84/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,950 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Hot Springs Beauty College.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Hot Springs Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 377 |
| Total Stafford loan amount | $2,496,128 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $2,094 |
| Average GI Bill amount per recipient | $2,094 |
References
More about our data sources and methodologies.