$4,350

Avg. Federal Grant

$7,237

Avg. Federal Loan

$4,405,857

Total Aid Awarded

Olympian Academy of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$4.406M

Financial Aid Official Website

N/A

Notably, 89% of the students at Olympian Academy of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,118,304. Notably, a total of 82% of the applicants to Olympian Academy of Cosmetology receive the Federal Grant every year. Meanwhile, 82% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 82% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,188. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. 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 Olympian Academy of Cosmetology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

N/A

Institution Grant Aid

27%

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$4,350

State Grant Aid

N/A

Institution Grant Aid

$269

Pell Grant

$4,314

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,121

$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 Olympian Academy of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$7,237/Year

Students Taking Out Loans

81%

Loan Default Rate

20.7%

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