$4,176

Avg. Federal Grant

$5,384

Avg. Federal Loan

$356,886

Total Aid Awarded

Morgantown Beauty College Inc Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$356.886K

Financial Aid Official Website

www.MorgantownBeautyCollege.edu

Notably, 80% of the students at Morgantown Beauty College Inc get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $476,137. At MBCI, the total percentage of applicants who receive the Federal Grant stands at 66%. On the other hand, 66% of the candidates get the Student Grant, while 66% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,330. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Morgantown Beauty College Inc, the percentage of candidates who opt to avail of student loans is around 78%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,176

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,176

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,115

$30,001 - $48,000

N/A

$48,001 - $75,000

$768

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Morgantown Beauty College Inc

Average Loan Amount Average Loan Amount received per year.

$5,384/Year

Students Taking Out Loans

68%

Loan Default Rate

3.8%

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