by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Northern Institute of Cosmetology can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Northern Institute of Cosmetology deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Northern Institute of Cosmetology.
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 Northern Institute of Cosmetology, 92% of first-time, full-time freshmen received some form of financial aid some 24 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $6,895 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 92% | $6,773 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, about 66% of undergraduates were awarded an average grant or scholarship of $6,007 (among about 54 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $6,007 |
| Federal Pell grants | 66% | $5,953 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $6,773.
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 | $4,464 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,310 |
| Off-campus title-IV students | $4,464 |
To project your own net price, use Northern Institute of Cosmetology’s official net price calculator: www.niclorain.com/net-price.
The figure below distills the debt data into a single burden category for Northern Institute of Cosmetology.
References
More about our data sources and methodologies.