by our College Data Analytics TeamA lot of students are not billed 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 total cost of going to Professional’s Choice Hair Design Academy can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Professional’s Choice Hair Design Academy offer you, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Professional’s Choice Hair Design Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Professional’s Choice Hair Design Academy, 68% of first-year full-time students received aid of some kind (about 30 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,526 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 52% | $4,526 |
| State/local grants | 0% | — |
| Federal student loans | 66% | $4,354 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Professional’s Choice Hair Design Academy, about 41% of undergraduates were awarded an average grant or scholarship of $7,679 (among about 30 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $7,679 |
| Federal Pell grants | 32% | $4,526 |
| Federal student loans | 40% | $4,354 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,526.
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 | $14,697 |
| $30,001 – $75,000 | $16,712 |
| Over $75,000 | $18,572 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $13,273 |
| Off-campus title-IV students | $16,092 |
To project your own net price, use Professional’s Choice Hair Design Academy’s NPC: www.pchairdesign.com/NetPriceCalculator/npcalc.htm.
The middle student in the debt distribution at Professional’s Choice Hair Design Academy owes $8,375 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,375 |
These indicators are derived from the underlying debt data and summarize the overall picture at Professional’s Choice Hair Design Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Professional’s Choice Hair Design Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 216 |
| Total Stafford loan amount | $1,584,809 |
References
More about our data sources and methodologies.