by our College Data Analytics TeamMany 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 sum total of attendance at Knox Beauty College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will KBC provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Knox Beauty College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Knox Beauty College, 55% of the incoming full-time class was awarded financial aid (about 6 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,213 |
| Institutional grants & scholarships | 18% | $1,300 |
| Federal Pell grants | 36% | $7,170 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
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 KBC, around 21% of undergraduate students received gift aid averaging $6,920 (among about 12 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 21% | $6,920 |
| Federal Pell grants | 18% | $8,044 |
| Federal student loans | 0% | — |
Title-IV recipients living on campus saw average grant aid of $7,170.
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 | $9,019 |
| $30,001 – $75,000 | $9,019 |
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 | $3,781 |
| Off-campus title-IV students | $9,019 |
For an estimate tailored to your family circumstances, see KBC’s online cost calculator: kbc.edu/calculator.html.
The figure below distills the debt data into a single burden category for KBC.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at KBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 87 |
| Total Stafford loan amount | $501,195 |
References
More about our data sources and methodologies.