by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School, 96% of first-year full-time students received aid of some kind (about 24 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $5,957 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 84% | $5,957 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $7,010 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 74% of undergraduate students received gift aid averaging $5,689 (covering around 58 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $5,689 |
| Federal Pell grants | 74% | $5,689 |
| Federal student loans | 83% | $6,867 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,213.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,087 |
| $30,001 – $75,000 | $14,809 |
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 | $18,242 |
| Off-campus title-IV students | $14,418 |
For a personalized estimate based on your family’s financial situation, use Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School’s net price tool: www.hairlabdetroitbarberschool.com/consumer-discolsure.
The median student at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School graduates with $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $10,556 |
| Typical 10-year monthly payment (graduates) | $111.91/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,990 |
| 25th percentile | $5,585 |
| 75th percentile | $13,667 |
| 90th percentile (highest-debt students) | $17,667 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,536 |
| Middle income | $10,302 |
| High income | $10,556 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,701 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,028 |
| Independent students | $10,550 |
The figure below distills the debt data into a single burden category for Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1362 |
| Total Stafford loan amount | $13,232,618 |
References
More about our data sources and methodologies.