$4,823

Avg. Federal Grant

$4,371

Avg. Federal Loan

$104,750

Total Aid Awarded

Academy of Cosmetology (Bozeman) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$104.750K

Financial Aid Official Website

www.academycosmetology.com

Notably, 59% of the students at Academy of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $78,984. The total percentage of candidates applying to Academy of Cosmetology who receive the Federal Grant is 41%. On the other hand, 41% of the candidates get the Student Grant, while 41% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,030. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 41% of the applicants to Academy of Cosmetology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,823

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,823

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,617

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Academy of Cosmetology (Bozeman)

Average Loan Amount Average Loan Amount received per year.

$4,371/Year

Students Taking Out Loans

39%

Loan Default Rate

18.6%

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