by our College Data Analytics TeamMany 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 New Concept Massage and Beauty School can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will New Concept Massage and Beauty School deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover just how much financial aid could 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. Read on to get a sense of the financial assistance available at New Concept Massage and Beauty School.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at New Concept Massage and Beauty School, 90% of first-time, full-time freshmen received some form of financial aid roughly 101 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $6,529 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 90% | $6,529 |
| State/local grants | 0% | — |
| Federal student loans | 90% | $3,539 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at New Concept Massage and Beauty School, approximately 91% of undergraduate students received gift aid averaging $6,943 (for some 109 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $6,943 |
| Federal Pell grants | 91% | $6,943 |
| Federal student loans | 91% | $7,272 |
For on-campus title-IV students, average grant aid came to $3,946.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,547 |
| $30,001 – $75,000 | $12,951 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $13,397 |
| Off-campus title-IV students | $13,514 |
For a customized cost estimate, visit New Concept Massage and Beauty School’s net price calculator: nces.ed.gov/ipeds/netpricecalculator/#/.
Graduating students at New Concept Massage and Beauty School carry a median federal student debt of $5,700 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,700 |
| Median federal debt (graduates only) | $6,000 |
| Typical 10-year monthly payment (graduates) | $63.61/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at New Concept Massage and Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,410 |
| 25th percentile | $4,300 |
| 75th percentile | $5,433 |
| 90th percentile (highest-debt students) | $5,856 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,700 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,700 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. New Concept Massage and Beauty School.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at New Concept Massage and Beauty School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 731 |
| Total Stafford loan amount | $3,256,819 |
References
More about our data sources and methodologies.