by our College Data Analytics TeamA lot of students will not be asked to pay 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 Long Island Beauty School-Hempstead can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Long Island Beauty School-Hempstead provide, and just what are you going to be eligible for? Keep reading for answers. Read on to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Long Island Beauty School-Hempstead.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Long Island Beauty School-Hempstead, 94% of the incoming full-time class was awarded financial aid approximately 16 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $4,963 |
| Institutional grants & scholarships | 41% | $100 |
| Federal Pell grants | 47% | $4,613 |
| State/local grants | 0% | — |
| Federal student loans | 53% | $4,879 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 16% of undergrads got grants or scholarships worth on average $4,563 (among about 31 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 16% | $4,563 |
| Federal Pell grants | 16% | $4,148 |
| Federal student loans | 16% | $5,537 |
For on-campus title-IV students, average grant aid came to $7,796.
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 | $29,171 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $26,387 |
| Off-campus title-IV students | $29,171 |
For a personalized estimate based on your family’s financial situation, use Long Island Beauty School-Hempstead’s net price tool: www.libs.edu/netpricecalculator/Hempstead2017/npcalc.htm.
The median student at Long Island Beauty School-Hempstead graduates with $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $8,254 |
| Typical 10-year monthly payment (graduates) | $87.51/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Long Island Beauty School-Hempstead.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,051 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,380 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Long Island Beauty School-Hempstead.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Long Island Beauty School-Hempstead:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1529 |
| Total Stafford loan amount | $10,683,906 |
References
More about our data sources and methodologies.