$4,401

Avg. Federal Grant

$7,430

Avg. Federal Loan

$758,564

Total Aid Awarded

Ravenscroft Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$758.564K

Financial Aid Official Website

ravenscroftcollege.com

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,042,627. Notably, a total of 93% of the applicants to Ravenscroft Beauty College receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant, while 93% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,570. 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. 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. At Ravenscroft Beauty College, the percentage of candidates who opt to avail of student loans is around 98%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

87%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

87%

Average Aid Awarded

Federal Grant Aid

$4,401

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,360

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,312

$30,001 - $48,000

$3,353

$48,001 - $75,000

$2,970

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Ravenscroft Beauty College

Average Loan Amount Average Loan Amount received per year.

$7,430/Year

Students Taking Out Loans

90%

Loan Default Rate

7.5%

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