by our College Data Analytics TeamMany students will never be charged 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 cost of going to The Beauty Institute can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can The Beauty Institute offer you, and what will you qualify for? Keep reading for more information. Keep going to discover how much school funding could 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 figures below will help you estimate the aid you might receive from The Beauty Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at The Beauty Institute, 100% of entering full-time freshmen got some type of financial assistance some 155 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,652 |
| Institutional grants & scholarships | 1% | $1,000 |
| Federal Pell grants | 100% | $4,645 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $11,226 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, about 76% of undergrads got grants or scholarships worth on average $4,652 (across roughly 155 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $4,652 |
| Federal Pell grants | 76% | $4,645 |
| Federal student loans | 76% | $11,226 |
For students living on campus and receiving title-IV aid, grants averaged $4,652.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,131 |
| $30,001 – $75,000 | $17,139 |
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 | $15,916 |
| Off-campus title-IV students | $15,131 |
To get a personalized net price estimate, try The Beauty Institute’s NPC: www.thebeautyinstituteskp.edu/consumer-disclosure.
A typical borrower at The Beauty Institute leaves with $7,968 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,968 |
| Median federal debt (graduates only) | $10,763 |
| Typical 10-year monthly payment (graduates) | $114.11/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 figures below chart the debt distribution at The Beauty Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,469 |
| 75th percentile | $12,992 |
| 90th percentile (highest-debt students) | $13,583 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,776 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,538 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at The Beauty Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at The Beauty Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1040 |
| Total Stafford loan amount | $9,994,442 |
References
More about our data sources and methodologies.