$5,378

Avg. Federal Grant

$8,967

Avg. Federal Loan

$745,152

Total Aid Awarded

Long Island Beauty School Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$745.152K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 70% of students at LIBSH receive some kind of financial aid, while the total amount of assistance/loans provided is $649,684. At LIBSH, the total percentage of applicants who receive the Federal Grant stands at 40%. Meanwhile, 40% of the applicants receive the Student Grant, while 40% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,961. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Long Island Beauty School-Hauppauge, the percentage of candidates who opt to avail of student loans is around 60%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

83%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

83%

Average Aid Awarded

Federal Grant Aid

$5,378

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,288

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,889

$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 Long Island Beauty School

Average Loan Amount Average Loan Amount received per year.

$9,538/Year

Students Taking Out Loans

100%

Loan Default Rate

6.4%

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