$4,878

Avg. Federal Grant

$6,755

Avg. Federal Loan

$699,117

Total Aid Awarded

Brown Aveda Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$699.117K

Financial Aid Official Website

www.brownaveda.com

It is interesting to note that, every year, around 90% of students at BAIM receive some kind of financial aid, while the total amount of assistance/loans provided is $1,189,516. Notably, a total of 46% of the applicants to Brown Aveda Institute-Mentor receive the Federal Grant every year. On the other hand, 56% of the candidates get the Student Grant, 12% receive the Institution Grant, and 46% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,041. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 85% of the applicants to Brown Aveda Institute-Mentor opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

N/A

Institution Grant Aid

20%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$4,878

State Grant Aid

N/A

Institution Grant Aid

$1,550

Pell Grant

$4,878

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,020

$30,001 - $48,000

$5,617

$48,001 - $75,000

$3,295

$75,001 - $110,000

$747

Over $110,000

N/A

Student Loans for Brown Aveda Institute

Average Loan Amount Average Loan Amount received per year.

$6,755/Year

Students Taking Out Loans

88%

Loan Default Rate

5.6%

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