$2,113

Avg. Federal Grant

$3,326

Avg. Federal Loan

$646,042

Total Aid Awarded

Boca Beauty Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$646.042K

Financial Aid Official Website

www.bocabeautyacademy.edu

It is interesting to note that, every year, around 55% of students at BBA receive some kind of financial aid, while the total amount of assistance/loans provided is $1,052,520. Notably, a total of 38% of the applicants to Boca Beauty Academy receive the Federal Grant every year. On the other hand, 38% of the candidates get the Student Grant, 3% receive the Institution Grant, and 38% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,322. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At BBA, an estimated number of 23% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

89%

State Grant Aid

N/A

Institution Grant Aid

4%

Pell Grant

89%

Average Aid Awarded

Federal Grant Aid

$2,113

State Grant Aid

N/A

Institution Grant Aid

$2,255

Pell Grant

$2,113

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,642

$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 Boca Beauty Academy

Average Loan Amount Average Loan Amount received per year.

$3,391/Year

Students Taking Out Loans

61%

Loan Default Rate

16.5%

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