by our College Data Analytics TeamMost students will not be asked to pay 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 Skin Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Skin Institute offer, and what will you qualify for? Keep reading for more information. Keep reading to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Skin Institute.
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.
Among first-time, full-time freshmen at Skin Institute, 74% of first-time, full-time freshmen received some form of financial aid roughly 91 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 37% | $3,551 |
| Institutional grants & scholarships | 2% | $500 |
| Federal Pell grants | 35% | $3,693 |
| State/local grants | 0% | — |
| Federal student loans | 37% | $6,246 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 35% of undergraduates were awarded grant or scholarship aid averaging $3,824 (for some 50 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $3,824 |
| Federal Pell grants | 34% | $3,930 |
| Federal student loans | 39% | $6,824 |
On-campus students receiving title-IV aid were awarded grants averaging $1,795.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,336 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $17,400 |
| Off-campus title-IV students | $15,336 |
To project your own net price, use Skin Institute’s NPC: www.skininstitute.edu/consumer-information.html.
The median student at Skin Institute graduates with $6,895 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,895 |
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Skin Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,345 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,895 |
These indicators are derived from the underlying debt data and summarize the overall picture at Skin Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Skin Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 411 |
| Total Stafford loan amount | $2,783,617 |
References
More about our data sources and methodologies.