$4,460

Avg. Federal Grant

$5,141

Avg. Federal Loan

$200,684

Total Aid Awarded

Charles of Italy Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$200.684K

Financial Aid Official Website

www.charlesofitaly.edu

It is interesting to note that, every year, around 72% of students at CIBC receive some kind of financial aid, while the total amount of assistance/loans provided is $286,412. At CIBC, the total percentage of applicants who receive the Federal Grant stands at 68%. Meanwhile, 68% of the applicants receive the Student Grant, while 68% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,893. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CIBC, an estimated number of 68% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

1%

Institution Grant Aid

N/A

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,460

State Grant Aid

$6,734

Institution Grant Aid

N/A

Pell Grant

$4,460

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,470

$30,001 - $48,000

$4,036

$48,001 - $75,000

$3,826

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Charles of Italy Beauty College

Average Loan Amount Average Loan Amount received per year.

$5,141/Year

Students Taking Out Loans

55%

Loan Default Rate

11.1%

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