$5,262

Avg. Federal Grant

$9,531

Avg. Federal Loan

$354,326

Total Aid Awarded

National Beauty College (NBC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$354.326K

Financial Aid Official Website

N/A

Notably, 67% of the students at National Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $657,951. The total percentage of candidates applying to National Beauty College who receive the Federal Grant is 67%. Meanwhile, 67% of the applicants receive the Student Grant, while 67% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,840. 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. 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. Every year, around 67% of the applicants to National Beauty College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$5,262

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,262

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,262

$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 National Beauty College (NBC)

Average Loan Amount Average Loan Amount received per year.

$9,531/Year

Students Taking Out Loans

80%

Loan Default Rate

19.4%

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