$4,861

Avg. Federal Grant

$7,256

Avg. Federal Loan

$281,971

Total Aid Awarded

Merrell University of Beauty Arts and Science Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$281.971K

Financial Aid Official Website

www.merrelluniversity.edu/financial-aid

As many as 73% of the students at MUBAS get some sort of financial aid, and the total amount of assistance/loans provided is more than $379,574 in a year. The total percentage of candidates applying to Merrell University of Beauty Arts and Science who receive the Federal Grant is 47%. In comparison, 53% of the students are awarded the Student Grant, 20% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,459, and the same stands at $6,147 for State Grant awardees and $3,333 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,550. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MUBAS, an estimated number of 67% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

74%

State Grant Aid

N/A

Institution Grant Aid

42%

Pell Grant

74%

Average Aid Awarded

Federal Grant Aid

$4,861

State Grant Aid

N/A

Institution Grant Aid

$1,625

Pell Grant

$4,861

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,232

$30,001 - $48,000

$5,920

$48,001 - $75,000

$5,920

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Merrell University of Beauty Arts and Science

Average Loan Amount Average Loan Amount received per year.

$7,256/Year

Students Taking Out Loans

79%

Loan Default Rate

6.6%

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