by our College Data Analytics TeamA large number 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 Texas College of Cosmetology-Lubbock can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Texas College of Cosmetology-Lubbock provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Texas College of Cosmetology-Lubbock.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Texas College of Cosmetology-Lubbock, 85% of first-time, full-time freshmen received some form of financial aid approximately 75 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $5,168 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 85% | $5,168 |
| State/local grants | 0% | — |
| Federal student loans | 78% | $5,840 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, approximately 57% of the undergraduate population received grant aid that averaged $7,985 (across approximately 99 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $7,985 |
| Federal Pell grants | 57% | $3,915 |
| Federal student loans | 57% | $4,070 |
For students living on campus and receiving title-IV aid, grants averaged $5,688.
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 | $15,348 |
| $30,001 – $75,000 | $16,887 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,950 |
| Off-campus title-IV students | $15,136 |
For a personalized estimate based on your family’s financial situation, use Texas College of Cosmetology-Lubbock’s NPC: www.texascollegecosmetology.com/net-price-calculator.
The median federal debt load at Texas College of Cosmetology-Lubbock comes to $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,078 |
| Middle income | $4,583 |
| High income | $4,583 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,583 |
| Independent students | $7,499 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Texas College of Cosmetology-Lubbock.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Texas College of Cosmetology-Lubbock:
| Metric | Value |
|---|---|
| Stafford loan recipients | 623 |
| Total Stafford loan amount | $3,251,047 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $8,100 |
| Average GI Bill amount per recipient | $8,100 |
References
More about our data sources and methodologies.