$5,341

Avg. Federal Grant

$4,834

Avg. Federal Loan

$493,625

Total Aid Awarded

Elite College of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$493.625K

Financial Aid Official Website

N/A

Interestingly, almost all of the students at ECC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $456,500 in a year. The total percentage of candidates applying to Elite College of Cosmetology who receive the Federal Grant is 100%. On the other hand, 100% of the candidates get the Student Grant, while 100% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,550. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 100% of the applicants to Elite College of Cosmetology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

94%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

94%

Average Aid Awarded

Federal Grant Aid

$5,341

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,341

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,493

$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 Elite College of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$4,834/Year

Students Taking Out Loans

98%

Loan Default Rate

35.2%

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