$3,968

Avg. Federal Grant

$3,922

Avg. Federal Loan

$1,023,591

Total Aid Awarded

Salon Schools - Columbus Ohio Cosmetology Schools Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$1.024M

Financial Aid Official Website

https://salonschools.ohiostate.edu/financial-aid

Notably, 68% of the students at The Spa School get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $548,068. Notably, a total of 37% of the applicants to The Spa School receive the Federal Grant every year. On the other hand, 56% of the candidates get the Student Grant, 21% receive the Institution Grant, and 37% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,450. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At TSS, an estimated number of 49% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

N/A

Institution Grant Aid

32%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$3,968

State Grant Aid

N/A

Institution Grant Aid

$1,845

Pell Grant

$3,968

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,911

$30,001 - $48,000

$3,164

$48,001 - $75,000

$1,234

$75,001 - $110,000

$56

Over $110,000

$657

Student Loans for Salon Schools - Columbus Ohio Cosmetology Schools

Average Loan Amount Average Loan Amount received per year.

$3,922/Year

Students Taking Out Loans

54%

Loan Default Rate

6%

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