by our College Data Analytics TeamMany students will never be charged 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 price tag of going to Tricoci University of Beauty Culture-Lafayette can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Tricoci LAF offer you, and what will you qualify for? Keep reading for more information. Keep going 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Tricoci University of Beauty Culture-Lafayette.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Tricoci University of Beauty Culture-Lafayette, 100% of the incoming full-time class was awarded financial aid some 38 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $7,959 |
| Institutional grants & scholarships | 13% | $780 |
| Federal Pell grants | 63% | $8,617 |
| State/local grants | 0% | — |
| Federal student loans | 95% | $8,811 |
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 Tricoci LAF, approximately 66% of undergraduate students received gift aid averaging $5,328 (covering around 98 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,328 |
| Federal Pell grants | 63% | $5,467 |
| Federal student loans | 70% | $6,973 |
On-campus students receiving title-IV aid were awarded grants averaging $2,745.
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 | $20,002 |
| $30,001 – $75,000 | $24,943 |
| Over $75,000 | $24,943 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $24,914 |
| Off-campus title-IV students | $20,276 |
For an estimate tailored to your family circumstances, see Tricoci LAF’s NPC: www.tricociuniversity.edu/admissions-financial-aid/beauty-school-calculator/.
The middle student in the debt distribution at Tricoci LAF owes $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $7,307 |
| Typical 10-year monthly payment (graduates) | $77.47/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Tricoci LAF.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,664 |
| 25th percentile | $3,750 |
| 75th percentile | $7,307 |
| 90th percentile (highest-debt students) | $12,427 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $7,257 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,317 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Tricoci LAF.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Tricoci LAF:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2586 |
| Total Stafford loan amount | $18,781,348 |
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 | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.