$4,152

Avg. Federal Grant

$6,453

Avg. Federal Loan

$592,759

Total Aid Awarded

University of Spa & Cosmetology Arts Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$592.759K

Financial Aid Official Website

www.uscart.com

It is interesting to note that, every year, around 96% of students at USCA receive some kind of financial aid, while the total amount of assistance/loans provided is $680,595. Notably, a total of 52% of the applicants to University of Spa & Cosmetology Arts receive the Federal Grant every year. On the other hand, 72% of the candidates get the Student Grant, 30% receive the Institution Grant, and 52% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,416, the State Grant receivers and Institution Grant beneficiaries get $3,907 and $361, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,948. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Spa & Cosmetology Arts, the percentage of candidates who opt to avail of student loans is around 90%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

10%

Institution Grant Aid

16%

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$4,152

State Grant Aid

$2,025

Institution Grant Aid

$345

Pell Grant

$4,152

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,258

$30,001 - $48,000

$5,070

$48,001 - $75,000

$2,947

$75,001 - $110,000

$408

Over $110,000

N/A

Student Loans for University of Spa & Cosmetology Arts

Average Loan Amount Average Loan Amount received per year.

$6,453/Year

Students Taking Out Loans

80%

Loan Default Rate

11.8%

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