$4,713

Avg. Federal Grant

$5,866

Avg. Federal Loan

$326,194

Total Aid Awarded

Model College of Hair Design Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$326.194K

Financial Aid Official Website

www.modelcollegeofhairdesign.com

As many as 95% of the students at MCHD get some sort of financial aid, and the total amount of assistance/loans provided is more than $420,326 in a year. Notably, a total of 56% of the applicants to Model College of Hair Design receive the Federal Grant every year. On the other hand, 76% of the candidates get the Student Grant, while 56% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,049. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 87% of the applicants to Model College of Hair Design opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

54%

Institution Grant Aid

N/A

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,713

State Grant Aid

$2,165

Institution Grant Aid

N/A

Pell Grant

$4,713

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,722

$30,001 - $48,000

$6,730

$48,001 - $75,000

$3,386

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Model College of Hair Design

Average Loan Amount Average Loan Amount received per year.

$7,530/Year

Students Taking Out Loans

85%

Loan Default Rate

15.1%

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