$5,565

Avg. Federal Grant

$5,347

Avg. Federal Loan

$354,175

Total Aid Awarded

Academy of Hair Design (LUFKIN) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$354.175K

Financial Aid Official Website

www.lufkinhairdesign.com

Notably, 80% of the students at Academy of Hair Design-Lufkin get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $365,256. At AHDL, the total percentage of applicants who receive the Federal Grant stands at 77%. In comparison, 77% of the students get the Student Grant, and 77% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,983. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to Academy of Hair Design-Lufkin opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,565

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,565

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,607

$30,001 - $48,000

$5,469

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Academy of Hair Design (LUFKIN)

Average Loan Amount Average Loan Amount received per year.

$5,467/Year

Students Taking Out Loans

79%

Loan Default Rate

5.6%

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