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 New Beginnings Beauty Academy can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will New Beginnings Beauty Academy offer, and what will you qualify for? Read on for more information. Read on to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from New Beginnings Beauty Academy.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at New Beginnings Beauty Academy, 100% of first-time, full-time freshmen received some form of financial aid some 48 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,895 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,895 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $9,402 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At New Beginnings Beauty Academy, approximately 100% of undergraduates were awarded grant or scholarship aid averaging $6,895 (covering around 48 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,895 |
| Federal Pell grants | 100% | $6,895 |
| Federal student loans | 100% | $9,402 |
On-campus students receiving title-IV aid were awarded grants averaging $6,895.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,101 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,827 |
| Off-campus title-IV students | $19,101 |
For a personalized estimate based on your family’s financial situation, use New Beginnings Beauty Academy’s official net price calculator: nbbacosmetology.com/net-price-calculator-2/.
The median federal debt load at New Beginnings Beauty Academy comes to $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at New Beginnings Beauty Academy.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at New Beginnings Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 129 |
| Total Stafford loan amount | $1,220,094 |
References
More about our data sources and methodologies.