by our College Data Analytics TeamMany 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 price of attendance at Modern Beauty Academy can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Modern Beauty Academy provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Modern Beauty Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Modern Beauty Academy, 29% of entering full-time freshmen got some type of financial assistance some 10 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 29% | $7,596 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 29% | $7,396 |
| State/local grants | 0% | — |
| Federal student loans | 21% | $5,500 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 34% of undergraduates were awarded an average grant or scholarship of $6,277 (across roughly 42 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $6,277 |
| Federal Pell grants | 34% | $6,125 |
| Federal student loans | 30% | $4,960 |
For students living on campus and receiving title-IV aid, grants averaged $7,476.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,091 |
| $30,001 – $75,000 | $12,327 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,906 |
| Off-campus title-IV students | $11,582 |
For a customized cost estimate, visit Modern Beauty Academy’s net price calculator: www.modernbeautyacademy.org/netprice.
The median federal debt load at Modern Beauty Academy comes to $8,143 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,143 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Modern Beauty Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Modern Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 350 |
| Total Stafford loan amount | $1,789,760 |
References
More about our data sources and methodologies.