$5,050

Avg. Federal Grant

$6,320

Avg. Federal Loan

$166,762

Total Aid Awarded

State College of Beauty Culture Inc Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$166.762K

Financial Aid Official Website

N/A

As many as 72% of the students at SCBCI get some sort of financial aid, and the total amount of assistance/loans provided is more than $164,086 in a year. The total percentage of candidates applying to State College of Beauty Culture Inc who receive the Federal Grant is 61%. Meanwhile, 61% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 61% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,083. 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. 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. Every year, around 61% of the applicants to State College of Beauty Culture Inc opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

N/A

Institution Grant Aid

75%

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$5,050

State Grant Aid

N/A

Institution Grant Aid

$247

Pell Grant

$4,295

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,862

$30,001 - $48,000

$5,706

$48,001 - $75,000

$1,302

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for State College of Beauty Culture Inc

Average Loan Amount Average Loan Amount received per year.

$7,083/Year

Students Taking Out Loans

90%

Loan Default Rate

18.4%

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