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 total price of attendance at Pro Way Hair School can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Pro Way Hair School deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Pro Way Hair School.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Pro Way Hair School, 100% of new full-time first-years were awarded at least some aid roughly 20 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,058 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,058 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $8,004 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 99% of undergraduate students received gift aid averaging $6,033 (for some 70 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $6,033 |
| Federal Pell grants | 99% | $6,033 |
| Federal student loans | 87% | $8,219 |
On-campus students receiving title-IV aid were awarded grants averaging $6,058.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,799 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $15,458 |
| Off-campus title-IV students | $12,799 |
For a personalized estimate based on your family’s financial situation, use Pro Way Hair School’s NPC: www.prowayhairschool.com/consumer-disclosures/.
The median student at Pro Way Hair School graduates with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Pro Way Hair School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,852 |
| 25th percentile | $5,685 |
| 75th percentile | $13,950 |
| 90th percentile (highest-debt students) | $14,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Pro Way Hair School.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Pro Way Hair School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1878 |
| Total Stafford loan amount | $20,230,489 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $155,492 |
| Average GI Bill amount per recipient | $19,437 |
References
More about our data sources and methodologies.