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 MAK Beauty Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will MAK Beauty Institute offer, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from MAK Beauty Institute.
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.
For freshmen starting at MAK Beauty Institute, 48% of first-year full-time students received aid of some kind (about 13 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 26% | $4,927 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 26% | $4,927 |
| State/local grants | 0% | — |
| Federal student loans | 26% | $6,300 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at MAK Beauty Institute, about 20% of the undergraduate population received grant aid that averaged $2,653 (among about 13 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 20% | $2,653 |
| Federal Pell grants | 20% | $2,653 |
| Federal student loans | 11% | $6,300 |
For students living on campus and receiving title-IV aid, grants averaged $4,927.
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 | $6,239 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $13,085 |
| Off-campus title-IV students | $6,239 |
For a personalized estimate based on your family’s financial situation, use MAK Beauty Institute’s NPC: makbeautyinstitute.com/consumer-information-admissions/.
The median federal debt load at MAK Beauty Institute comes to $5,501 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,501 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. MAK Beauty Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at MAK Beauty Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 64 |
| Total Stafford loan amount | $426,314 |
References
More about our data sources and methodologies.