$4,112

Avg. Federal Grant

$5,729

Avg. Federal Loan

$1,078,730

Total Aid Awarded

Hollywood Institute of Beauty Careers Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$1.079M

Financial Aid Official Website

www.hi.edu

It is interesting to note that, every year, around 99% of students at HIBC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,449,616. The total percentage of candidates applying to Hollywood Institute of Beauty Careers who receive the Federal Grant is 90%. Meanwhile, 90% of the applicants receive the Student Grant, while 89% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,827. 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. Candidates are also required to repay these loans within a given period. At HIBC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

92%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

92%

Average Aid Awarded

Federal Grant Aid

$4,112

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,006

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,482

$30,001 - $48,000

$2,303

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Hollywood Institute of Beauty Careers

Average Loan Amount Average Loan Amount received per year.

$5,729/Year

Students Taking Out Loans

90%

Loan Default Rate

13.7%

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