$5,154

Avg. Federal Grant

$8,873

Avg. Federal Loan

$813,863

Total Aid Awarded

Elaine Steven Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$813.863K

Financial Aid Official Website

https://www.esbc.edu/financial-aid/

As many as 90% of the students at ESBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $906,249 in a year. At ESBC, the total percentage of applicants who receive the Federal Grant stands at 77%. In comparison, 77% of the students get the Student Grant, and 77% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,988. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ESBC, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$5,154

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,154

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,381

$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 Elaine Steven Beauty College

Average Loan Amount Average Loan Amount received per year.

$8,873/Year

Students Taking Out Loans

90%

Loan Default Rate

6.4%

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