by our College Data Analytics TeamThe majority of 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 sum total of attendance at Paramount Beauty Academy can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Paramount Beauty Academy offer you, and what will you qualify for? Read on for more information. Read on to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Paramount Beauty Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Paramount Beauty Academy, 100% of the incoming full-time class was awarded financial aid some 62 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,444 |
| Institutional grants & scholarships | 6% | $500 |
| Federal Pell grants | 63% | $6,393 |
| State/local grants | 0% | — |
| Federal student loans | 84% | $6,006 |
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 Paramount Beauty Academy, approximately 68% of the undergraduate population received grant aid that averaged $4,804 (across roughly 53 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $4,804 |
| Federal Pell grants | 68% | $4,712 |
| Federal student loans | 74% | $5,767 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,393.
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 | $17,730 |
| $30,001 – $75,000 | $17,308 |
| Over $75,000 | $17,388 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,837 |
| Off-campus title-IV students | $17,877 |
To get a personalized net price estimate, try Paramount Beauty Academy’s net price tool: www.paramountbeautyacademy.com/NP_2015/npcalc.htm.
The median federal debt load at Paramount Beauty Academy comes to $7,917 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Paramount Beauty Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $16,550 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $10,014 |
These indicators are derived from the underlying debt data and summarize the overall picture at Paramount Beauty Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Paramount Beauty Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 628 |
| Total Stafford loan amount | $7,707,887 |
References
More about our data sources and methodologies.