$4,212

Avg. Federal Grant

$7,400

Avg. Federal Loan

$409,979

Total Aid Awarded

Carsten Institute of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$409.979K

Financial Aid Official Website

carsteninstitute.com

Notably, 57% of the students at Carsten Institute of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $344,769. The total percentage of candidates applying to Carsten Institute of Cosmetology who receive the Federal Grant is 57%. In comparison, 57% of the students get the Student Grant, and 57% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,647. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CIC, an estimated number of 57% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

76%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

76%

Average Aid Awarded

Federal Grant Aid

$4,212

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,212

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,071

$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 Carsten Institute of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$7,400/Year

Students Taking Out Loans

61%

Loan Default Rate

15.9%

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