by our College Data Analytics TeamThe majority of students will never be charged 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 Pinnacle Institute of Cosmetology can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Pinnacle Institute of Cosmetology deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Pinnacle 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Pinnacle Institute of Cosmetology, 69% of first-time, full-time freshmen received some form of financial aid (about 25 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,900 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $4,900 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $6,370 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Pinnacle Institute of Cosmetology, roughly 40% of undergraduates were awarded grant or scholarship aid averaging $5,137 (across roughly 40 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $5,137 |
| Federal Pell grants | 40% | $5,137 |
| Federal student loans | 62% | $7,025 |
On-campus students receiving title-IV aid were awarded grants averaging $3,407.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,989 |
| $30,001 – $75,000 | $17,337 |
| Over $75,000 | $19,927 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,000 |
| Off-campus title-IV students | $16,933 |
To get a personalized net price estimate, try Pinnacle Institute of Cosmetology’s net price tool: pinnacleinstitute.edu/financial-aid-mooresville-cosmetology-school/.
The median federal debt load at Pinnacle Institute of Cosmetology comes to $9,833 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Pinnacle Institute of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,909 |
| 75th percentile | $16,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Pinnacle Institute of Cosmetology.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Pinnacle Institute of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 478 |
| Total Stafford loan amount | $5,321,071 |
References
More about our data sources and methodologies.