$5,114

Avg. Federal Grant

$6,985

Avg. Federal Loan

$148,309

Total Aid Awarded

Fosters Cosmetology College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$148.309K

Financial Aid Official Website

N/A

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $68,500. The total percentage of candidates applying to Fosters Cosmetology College who receive the Federal Grant is 83%. Meanwhile, 83% of the applicants receive the Student Grant, while 83% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,157. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 40% of the applicants to Fosters Cosmetology College opt 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

$5,114

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,114

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,114

$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 Fosters Cosmetology College

Average Loan Amount Average Loan Amount received per year.

$6,985/Year

Students Taking Out Loans

37%

Loan Default Rate

27.9%

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