by our College Data Analytics TeamA large number of students will not be asked to pay 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 total cost of going to Michigan College of Beauty-Troy can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financing options does Michigan College of Beauty-Troy offer you, and what will you qualify for? Keep scrolling for more information. Read on to learn just how much financial aid will be open 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 Michigan College of Beauty-Troy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Michigan College of Beauty-Troy, 73% of entering full-time freshmen got some type of financial assistance some 118 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $4,160 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 73% | $4,160 |
| State/local grants | 0% | — |
| Federal student loans | 73% | $6,130 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Michigan College of Beauty-Troy, about 76% of undergraduates were awarded an average grant or scholarship of $3,750 (across roughly 284 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $3,750 |
| Federal Pell grants | 76% | $3,750 |
| Federal student loans | 83% | $5,232 |
For students living on campus and receiving title-IV aid, grants averaged $3,850.
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 | $19,710 |
| $30,001 – $75,000 | $16,716 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,013 |
| Off-campus title-IV students | $19,710 |
To get a personalized net price estimate, try Michigan College of Beauty-Troy’s NPC: michigancollegeofbeautytroy.com/wp-content/uploads/2019/08/Net-Price-Calculator.html.
The middle student in the debt distribution at Michigan College of Beauty-Troy owes $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Michigan College of Beauty-Troy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $4,077 |
| 75th percentile | $9,678 |
| 90th percentile (highest-debt students) | $16,500 |
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 | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,667 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Michigan College of Beauty-Troy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Michigan College of Beauty-Troy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2838 |
| Total Stafford loan amount | $22,290,243 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $49,400 |
| Average GI Bill amount per recipient | $24,700 |
References
More about our data sources and methodologies.