$5,920

Avg. Federal Grant

$9,400

Avg. Federal Loan

$96,960

Total Aid Awarded

Velvatex College of Beauty Culture Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$96.960K

Financial Aid Official Website

www.velvatexcollege.com

It is interesting to note that, every year, around 83% of students at VCBC receive some kind of financial aid, while the total amount of assistance/loans provided is $65,821. Notably, a total of 83% of the applicants to Velvatex College of Beauty Culture receive the Federal Grant every year. In comparison, 83% of the students get the Student Grant, and 83% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $6,095. 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 VCBC, an estimated number of 58% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

15%

Institution Grant Aid

15%

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$5,920

State Grant Aid

$7,500

Institution Grant Aid

$8,420

Pell Grant

$5,920

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,009

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Velvatex College of Beauty Culture

Average Loan Amount Average Loan Amount received per year.

$9,400/Year

Students Taking Out Loans

69%

Loan Default Rate

N/A

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