by our College Data Analytics TeamMany students will never be charged 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 North Florida Cosmetology Institute Inc can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does NFCI deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out just how much financial aid will 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. Use the information below to understand how much financial assistance you may get from North Florida Cosmetology Institute Inc.
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.
At North Florida Cosmetology Institute Inc, 78% of the incoming full-time class was awarded financial aid roughly 75 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,000 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $6,000 |
| State/local grants | 0% | — |
| Federal student loans | 73% | $6,744 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At NFCI, around 73% of the undergraduate population received grant aid that averaged $5,282 (for some 103 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,282 |
| Federal Pell grants | 73% | $5,282 |
| Federal student loans | 65% | $6,147 |
For students living on campus and receiving title-IV aid, grants averaged $7,095.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,154 |
| $30,001 – $75,000 | $16,965 |
| Over $75,000 | $19,912 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $12,136 |
| Off-campus title-IV students | $13,498 |
To get a personalized net price estimate, try NFCI’s net price calculator: cosmetologyinst.com/financial-aid/.
Graduating students at NFCI carry a median federal student debt of $6,334 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,334 |
| Median federal debt (graduates only) | $6,334 |
| Typical 10-year monthly payment (graduates) | $67.15/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at NFCI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,740 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,334 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,334 |
| Continuing-generation students | $6,334 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,667 |
| Independent students | $6,334 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NFCI.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at NFCI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1399 |
| Total Stafford loan amount | $13,591,762 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $29,734 |
| Average GI Bill amount per recipient | $9,911 |
References
More about our data sources and methodologies.