$5,307

Avg. Federal Grant

$7,262

Avg. Federal Loan

$351,099

Total Aid Awarded

College of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$351.099K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 91% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $350,600. The total percentage of candidates applying to College of Cosmetology who receive the Federal Grant is 91%. In comparison, 91% of the students get the Student Grant, and 91% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,513. 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. 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 CC, an estimated number of 73% 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

N/A

Pell Grant

89%

Average Aid Awarded

Federal Grant Aid

$5,307

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,307

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,671

$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 College of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$7,262/Year

Students Taking Out Loans

74%

Loan Default Rate

16.6%

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