$4,665

Avg. Federal Grant

$5,255

Avg. Federal Loan

$576,449

Total Aid Awarded

Minnesota School of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$576.449K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 86% of students at MSCWC receive some kind of financial aid, while the total amount of assistance/loans provided is $889,113. The total percentage of candidates applying to Minnesota School of Cosmetology-Woodbury Campus who receive the Federal Grant is 59%. On the other hand, 73% of the candidates get the Student Grant, 16% receive the Institution Grant, and 59% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,947, while the same comes to $1,511 for State Grant receivers and $639 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,386. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 80% of the applicants to Minnesota School of Cosmetology-Woodbury Campus opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

39%

Institution Grant Aid

29%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,665

State Grant Aid

$2,074

Institution Grant Aid

$1,478

Pell Grant

$4,584

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,120

$30,001 - $48,000

$8,895

$48,001 - $75,000

$5,351

$75,001 - $110,000

$286

Over $110,000

$971

Student Loans for Minnesota School of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$6,323/Year

Students Taking Out Loans

78%

Loan Default Rate

9%

Other Colleges In Minnesota

Capella University
Capella University

Minneapolis, Minnesota

Walden University
Walden University

Minneapolis, Minnesota

Winona State University
Winona State University

Winona, Minnesota

Other Private for-profit Colleges

The Art Institute of Pittsburgh
The Art Institute of Pittsburgh

Pittsburgh, Pennsylvania

Vista College
Vista College

El Paso, Texas

ECPI University
ECPI University

Virginia Beach, Virginia