$3,936

Avg. Federal Grant

$5,000

Avg. Federal Loan

$74,305

Total Aid Awarded

Port Huron Cosmetology College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

32%

Total Aid Amount Average Total Aid Awarded per year.

$74.305K

Financial Aid Official Website

www.michigancollegeofbeauty.com/

It is interesting to note that, every year, around 40% of students at PHCC receive some kind of financial aid, while the total amount of assistance/loans provided is $120,610. The total percentage of candidates applying to Port Huron Cosmetology College who receive the Federal Grant is 35%. In comparison, 35% of the students get the Student Grant, and 35% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,837. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Port Huron Cosmetology College, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$3,936

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,936

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,931

$30,001 - $48,000

$3,970

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Port Huron Cosmetology College

Average Loan Amount Average Loan Amount received per year.

$5,000/Year

Students Taking Out Loans

43%

Loan Default Rate

6.3%

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