$5,538

Avg. Federal Grant

$6,200

Avg. Federal Loan

$169,906

Total Aid Awarded

Hot Springs Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$169.906K

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 $164,802. The total percentage of candidates applying to Hot Springs Beauty College who receive the Federal Grant is 78%. In comparison, 78% of the students get the Student Grant, and 78% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,324. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 67% of the applicants to Hot Springs Beauty College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$5,538

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,538

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,947

$30,001 - $48,000

$5,129

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Hot Springs Beauty College

Average Loan Amount Average Loan Amount received per year.

$6,200/Year

Students Taking Out Loans

88%

Loan Default Rate

6.4%

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