$5,633

Avg. Federal Grant

$6,454

Avg. Federal Loan

$126,843

Total Aid Awarded

Butler Beauty Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$126.843K

Financial Aid Official Website

beautyacademies.net

Notably, 75% of the students at Butler Beauty Academy get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $116,646. Notably, a total of 68% of the applicants to Butler Beauty Academy receive the Federal Grant every year. In comparison, 68% of the students get the Student Grant, and 68% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,496. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 50% of the applicants to Butler Beauty Academy opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,633

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,633

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,862

$30,001 - $48,000

$2,832

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Butler Beauty Academy

Average Loan Amount Average Loan Amount received per year.

$6,454/Year

Students Taking Out Loans

73%

Loan Default Rate

11.9%

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