by our College Data Analytics TeamA lot of students will never be charged 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 price of attendance at New York Institute of Beauty can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will New York Institute of Beauty provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at New York Institute of Beauty.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at New York Institute of Beauty, 100% of first-time, full-time freshmen received some form of financial aid approximately 3 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $3,863 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $3,863 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $4,442 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at New York Institute of Beauty, around 41% of the undergraduate population received grant aid that averaged $4,255 (for some 154 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $4,255 |
| Federal Pell grants | 39% | $3,843 |
| Federal student loans | 43% | $5,746 |
On-campus students receiving title-IV aid were awarded grants averaging $2,575.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $34,330 |
| $30,001 – $75,000 | $36,424 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,491 |
| Off-campus title-IV students | $27,877 |
To get a personalized net price estimate, try New York Institute of Beauty’s online cost calculator: www.nyib.edu/NetPriceCalculator2019/index.html.
A typical borrower at New York Institute of Beauty leaves with $5,330 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,330 |
| Median federal debt (graduates only) | $5,422 |
| Typical 10-year monthly payment (graduates) | $57.48/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at New York Institute of Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,854 |
| 25th percentile | $3,666 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $6,333 |
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 | $5,422 |
| Middle income | $4,984 |
| High income | $3,666 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,330 |
| Continuing-generation students | $4,645 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $5,625 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. New York Institute of Beauty.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at New York Institute of Beauty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 816 |
| Total Stafford loan amount | $3,829,363 |
References
More about our data sources and methodologies.