by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Latin Beauty Academy can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Latin Beauty Academy offer, and what will you qualify for? Read on for more information. Scroll down to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Latin Beauty Academy.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Latin Beauty Academy, 64% of new full-time first-years were awarded at least some aid roughly 160 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $4,303 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 64% | $4,303 |
| State/local grants | 0% | — |
| Federal student loans | 48% | $7,943 |
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 36% of undergrads got grants or scholarships worth on average $5,670 (across roughly 160 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $5,670 |
| Federal Pell grants | 36% | $5,670 |
| Federal student loans | 37% | $7,124 |
On-campus students receiving title-IV aid were awarded grants averaging $4,303.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,133 |
| $30,001 – $75,000 | $16,083 |
| Over $75,000 | $19,384 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,967 |
| Off-campus title-IV students | $16,207 |
For a customized cost estimate, visit Latin Beauty Academy’s net price calculator: avlforms.com/latin-beauty-academy/index.html.
A typical borrower at Latin Beauty Academy leaves with $6,334 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,334 |
| Median federal debt (graduates only) | $7,333 |
| Typical 10-year monthly payment (graduates) | $77.74/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Latin Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $11,168 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,886 |
The figure below distills the debt data into a single burden category for Latin Beauty Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Latin Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 427 |
| Total Stafford loan amount | $3,371,585 |
References
More about our data sources and methodologies.