by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Mission Beauty Institute can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Mission Beauty Institute offer, and what will you qualify for? Keep reading for more information. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Mission Beauty Institute.
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.
Among first-time, full-time freshmen at Mission Beauty Institute, 65% of first-year full-time students received aid of some kind around 20 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,306 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 65% | $5,306 |
| State/local grants | 0% | — |
| Federal student loans | 48% | $5,807 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 79% of undergraduates were awarded an average grant or scholarship of $6,307 (across roughly 46 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,307 |
| Federal Pell grants | 79% | $6,307 |
| Federal student loans | 40% | $5,237 |
For students living on campus and receiving title-IV aid, grants averaged $3,274.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,232 |
| $30,001 – $75,000 | $4,391 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,455 |
| Off-campus title-IV students | $3,232 |
For a personalized estimate based on your family’s financial situation, use Mission Beauty Institute’s online cost calculator: missionbeautyinstitute.wordpress.com/courses/.
A typical borrower at Mission Beauty Institute leaves with $4,750 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mission Beauty Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Mission Beauty Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 90 |
| Total Stafford loan amount | $596,168 |
References
More about our data sources and methodologies.