by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Palm Beach Academy of Health & Beauty can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Palm Beach Academy of Health & Beauty deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Palm Beach Academy of Health & Beauty.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Palm Beach Academy of Health & Beauty, 100% of first-year full-time students received aid of some kind approximately 65 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,916 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $3,916 |
| State/local grants | 0% | — |
| Federal student loans | 89% | $4,926 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Palm Beach Academy of Health & Beauty, roughly 100% of undergraduates were awarded an average grant or scholarship of $5,219 (across approximately 106 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,219 |
| Federal Pell grants | 61% | $4,256 |
| Federal student loans | 55% | $4,926 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $1,716.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,286 |
| $30,001 – $75,000 | $25,153 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $24,292 |
| Off-campus title-IV students | $27,045 |
For a personalized estimate based on your family’s financial situation, use Palm Beach Academy of Health & Beauty’s NPC: www.pbacademy.net/calculator.aspx.
The middle student in the debt distribution at Palm Beach Academy of Health & Beauty owes $7,666 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,666 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Palm Beach Academy of Health & Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,834 |
| 25th percentile | $3,377 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Palm Beach Academy of Health & Beauty.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Palm Beach Academy of Health & Beauty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1277 |
| Total Stafford loan amount | $9,171,425 |
References
More about our data sources and methodologies.