$4,917

Avg. Federal Grant

$4,756

Avg. Federal Loan

$220,303

Total Aid Awarded

Royale College of Beauty and Barbering Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

41%

Total Aid Amount Average Total Aid Awarded per year.

$220.303K

Financial Aid Official Website

www.rcofb.com

Notably, 44% of the students at Royale College of Beauty and Barbering get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $230,225. At RCBB, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 35% of the applicants receive the Student Grant, while 35% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,867. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 41% of the applicants to Royale College of Beauty and Barbering opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,917

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,612

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,420

$30,001 - $48,000

$6,420

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Royale College of Beauty and Barbering

Average Loan Amount Average Loan Amount received per year.

$4,756/Year

Students Taking Out Loans

38%

Loan Default Rate

9.7%

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