by our College Data Analytics TeamMany students will never be charged 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 cost of going to Marketti Academy of Cosmetology can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Marketti Academy of Cosmetology offer, and what will you qualify for? Read on for more information. Scroll down to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Marketti Academy of Cosmetology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Marketti Academy of Cosmetology, 19% of entering full-time freshmen got some type of financial assistance roughly 6 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 16% | $6,525 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 16% | $6,525 |
| State/local grants | 0% | — |
| Federal student loans | 19% | $4,193 |
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 Marketti Academy of Cosmetology, around 14% of undergraduates were awarded grant or scholarship aid averaging $5,852 (for some 13 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 14% | $5,852 |
| Federal Pell grants | 14% | $5,852 |
| Federal student loans | 20% | $4,097 |
The middle student in the debt distribution at Marketti Academy of Cosmetology owes $7,081 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,081 |
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Marketti Academy of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,306 |
| 75th percentile | $8,500 |
The figure below distills the debt data into a single burden category for Marketti Academy of Cosmetology.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Marketti Academy of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 116 |
| Total Stafford loan amount | $813,714 |
References
More about our data sources and methodologies.