by our College Data Analytics TeamA large number of 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 price tag of going to National Beauty College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does National Beauty College offer, and what will you qualify for? Keep scrolling for more information. Keep reading to discover how much school funding could be available 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 National Beauty College.
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.
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At National Beauty College, approximately 57% of undergrads got grants or scholarships worth on average $4,854 (across approximately 140 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,854 |
| Federal Pell grants | 57% | $4,854 |
| Federal student loans | 56% | $7,351 |
The median federal debt load at National Beauty College comes to $5,310 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,310 |
| 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 National Beauty College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,458 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $14,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $4,750 |
| High income | $4,556 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,750 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,750 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at National Beauty College.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at National Beauty College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 894 |
| Total Stafford loan amount | $7,815,980 |
References
More about our data sources and methodologies.