by our College Data Analytics TeamMost 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 cost of going to Maryland Beauty Academy of Essex can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Maryland Beauty Academy deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Maryland Beauty Academy of Essex.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Maryland Beauty Academy of Essex, 90% of the incoming full-time class was awarded financial aid around 9 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $4,350 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 80% | $3,825 |
| State/local grants | 40% | $500 |
| Federal student loans | 80% | $5,150 |
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 Maryland Beauty Academy, about 88% of undergraduates were awarded an average grant or scholarship of $3,918 (across roughly 42 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $3,918 |
| Federal Pell grants | 88% | $3,750 |
| Federal student loans | 60% | $5,150 |
Title-IV recipients living on campus saw average grant aid of $3,867.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,837 |
| $30,001 – $75,000 | $20,370 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $16,374 |
| Off-campus title-IV students | $16,484 |
For an estimate tailored to your family circumstances, see Maryland Beauty Academy’s net price tool: baltimorestudio.com/04232015_NPCalc/npcalc.htm.
A typical borrower at Maryland Beauty Academy leaves with $5,713 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,713 |
| Median federal debt (graduates only) | $8,500 |
| Typical 10-year monthly payment (graduates) | $90.11/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Maryland Beauty Academy.
| 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 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,790 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,790 |
These indicators are derived from the underlying debt data and summarize the overall picture at Maryland Beauty Academy.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Maryland Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 758 |
| Total Stafford loan amount | $5,368,586 |
References
More about our data sources and methodologies.