by our College Data Analytics TeamA lot of students will never be charged 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 sum total of attendance at Winonah’s International School of Cosmetology can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Winonah’s International School of Cosmetology deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Winonah’s International School of Cosmetology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Winonah’s International School of Cosmetology, 85% of first-time, full-time freshmen received some form of financial aid approximately 63 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $4,319 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 59% | $4,319 |
| State/local grants | 0% | — |
| Federal student loans | 45% | $4,497 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Winonah’s International School of Cosmetology, around 75% of the undergraduate population received grant aid that averaged $3,092 (covering around 134 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $3,092 |
| Federal Pell grants | 75% | $3,092 |
| Federal student loans | 73% | $3,518 |
For students living on campus and receiving title-IV aid, grants averaged $2,970.
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 | $12,675 |
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 | $14,060 |
| Off-campus title-IV students | $11,563 |
For a personalized estimate based on your family’s financial situation, use Winonah’s International School of Cosmetology’s NPC: www.winonah.net/NetPrice/npcalc.htm.
The median federal debt load at Winonah’s International School of Cosmetology comes to $6,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,860 |
A handful of calculated indicators summarize the debt outlook at Winonah’s International School of Cosmetology.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Winonah’s International School of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 230 |
| Total Stafford loan amount | $1,562,363 |
References
More about our data sources and methodologies.