by our College Data Analytics TeamMany students will not be asked to pay 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 Waynes College of Beauty can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Waynes College of Beauty deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Waynes College of Beauty.
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.
At Waynes College of Beauty, 89% of first-year full-time students received aid of some kind around 17 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $5,761 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 89% | $5,655 |
| State/local grants | 0% | — |
| Federal student loans | 63% | $4,045 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Waynes College of Beauty, approximately 68% of undergraduates were awarded grant or scholarship aid averaging $5,664 (for some 52 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,664 |
| Federal Pell grants | 68% | $5,240 |
| Federal student loans | 47% | $4,217 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,445.
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 | $16,116 |
| $30,001 – $75,000 | $17,179 |
| Over $75,000 | $23,026 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,121 |
| Off-campus title-IV students | $18,400 |
For a personalized estimate based on your family’s financial situation, use Waynes College of Beauty’s official net price calculator: www.waynescollegeofbeauty.com/netprice.
Graduating students at Waynes College of Beauty carry a median federal student debt of $4,424 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,424 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
These indicators are derived from the underlying debt data and summarize the overall picture at Waynes College of Beauty.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Waynes College of Beauty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 77 |
| Total Stafford loan amount | $439,239 |
References
More about our data sources and methodologies.