by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at J D Academy of Salon and Spa can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will J D Academy of Salon and Spa provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from J D Academy of Salon and Spa.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at J D Academy of Salon and Spa, 69% of first-year full-time students received aid of some kind some 27 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,280 |
| Institutional grants & scholarships | 3% | $200 |
| Federal Pell grants | 38% | $5,267 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $5,545 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At J D Academy of Salon and Spa, around 29% of undergraduates were awarded an average grant or scholarship of $4,721 (covering around 50 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 29% | $4,721 |
| Federal Pell grants | 29% | $4,717 |
| Federal student loans | 51% | $4,660 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,761.
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 | $32,703 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $34,589 |
| Off-campus title-IV students | $22,476 |
To get a personalized net price estimate, try J D Academy of Salon and Spa’s net price tool: jdacademy.com/wp-content/net-price-calculator/npcalc.htm.
The median federal debt load at J D Academy of Salon and Spa comes to $6,211 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,211 |
| Median federal debt (graduates only) | $6,211 |
| Typical 10-year monthly payment (graduates) | $65.85/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at J D Academy of Salon and Spa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,596 |
| 75th percentile | $9,500 |
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 | $6,211 |
| Middle income | $6,211 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,211 |
| Continuing-generation students | $6,211 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,596 |
| Independent students | $6,211 |
The figure below distills the debt data into a single burden category for J D Academy of Salon and Spa.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at J D Academy of Salon and Spa:
| Metric | Value |
|---|---|
| Stafford loan recipients | 427 |
| Total Stafford loan amount | $3,047,531 |
References
More about our data sources and methodologies.