$4,012

Avg. Federal Grant

$3,198

Avg. Federal Loan

$563,248

Total Aid Awarded

Palace Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$563.248K

Financial Aid Official Website

www.palacebeautycollege.com

Notably, 26% of the students at Palace Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $206,342. Notably, a total of 25% of the applicants to Palace Beauty College receive the Federal Grant every year. On the other hand, 25% of the candidates get the Student Grant, while 25% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,242. 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. 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. At PBC, an estimated number of 8% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

N/A

Institution Grant Aid

6%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,012

State Grant Aid

N/A

Institution Grant Aid

$800

Pell Grant

$3,975

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,660

$30,001 - $48,000

$2,631

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Palace Beauty College

Average Loan Amount Average Loan Amount received per year.

$3,198/Year

Students Taking Out Loans

17%

Loan Default Rate

12.2%

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