by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Niles School of Cosmetology can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Niles School of Cosmetology provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Niles School of Cosmetology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Niles School of Cosmetology, 75% of first-time, full-time freshmen received some form of financial aid approximately 3 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 25% | $945 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 25% | $945 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $8,278 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Niles School of Cosmetology, roughly 40% of the undergraduate population received grant aid that averaged $4,807 (covering around 29 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $4,807 |
| Federal Pell grants | 40% | $4,807 |
| Federal student loans | 32% | $7,225 |
On-campus students receiving title-IV aid were awarded grants averaging $315.
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 | $10,791 |
| $30,001 – $75,000 | $11,595 |
| Over $75,000 | $15,275 |
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 | $21,916 |
| Off-campus title-IV students | $11,688 |
To project your own net price, use Niles School of Cosmetology’s net price tool: www.johnamicoschoolofhairdesign.com/financial-aid/fafsa-net-price-calculator/.
The figure below distills the debt data into a single burden category for Niles School of Cosmetology.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Niles School of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 144 |
| Total Stafford loan amount | $815,671 |
References
More about our data sources and methodologies.