$5,370

Avg. Federal Grant

$4,143

Avg. Federal Loan

$604,963

Total Aid Awarded

American Beauty College (ABC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$604.963K

Financial Aid Official Website

www.americanbeautycollege.com

Notably, 89% of the students at American Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $354,733. The total percentage of candidates applying to American Beauty College who receive the Federal Grant is 78%. In comparison, 78% of the students get the Student Grant, and 78% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,689. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At American Beauty College, the percentage of candidates who opt to avail of student loans is around 72%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

88%

State Grant Aid

N/A

Institution Grant Aid

29%

Pell Grant

88%

Average Aid Awarded

Federal Grant Aid

$5,370

State Grant Aid

N/A

Institution Grant Aid

$1,281

Pell Grant

$5,237

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,815

$30,001 - $48,000

$6,220

$48,001 - $75,000

$4,654

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for American Beauty College (ABC)

Average Loan Amount Average Loan Amount received per year.

$4,143/Year

Students Taking Out Loans

71%

Loan Default Rate

5.7%

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