$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

Other Colleges In Arkansas

A private university by the name of Searcy Beauty College is located in Searcy, Arkansas. Taking into account all the courses offered at Searcy Beauty College, the total enrolment stands at 73. The school has an academic staff of 3 who teach various courses to the students. Around 53% of the stud

Searcy, Arkansas -2 years Private For-Profit

Arkansas College of Barbering and Hair Design is a private university located in North Little Rock, Arkansas. Across all the courses offered at Arkansas College of Barbering and Hair Design, the enrolment stands at 82. To teach various courses to the students, the school has employed a total of 4

North Little Rock, Arkansas -2 years Private For-Profit

There is a public university in Malvern, Arkansas called Arkansas State University Three Rivers. Across all the courses offered at Arkansas State University Three Rivers, the enrolment stands at 1,151. To teach various courses to the students, the school has employed a total of 115 faculty. There

Malvern, Arkansas 2 years Public

Other Colleges In Little Rock

Philander Smith College which is a private, United Methodist university, is located in Little Rock, AR. It was in 1877 when the Philander Smith College was founded. Philander Smith College is recognised by its official colors, green and gold. Taking into account all the courses offered at Philand

Little Rock, Arkansas 4 years Private Not-For-Profit

Arkansas Baptist College, which is located in Little Rock, AR is a private, Baptist university. The foundation of Arkansas Baptist College was laid down in the year 1884. Notably, the official colors of the university are purple, white. Taking into account all the courses offered at Arkansas Bapt

Little Rock, Arkansas 4 years Private Not-For-Profit

Located in Little Rock, AR, University of Arkansas at Little Rock is a national public research university. In 1927, University of Arkansas at Little Rock was founded. Keeping the pursuit of research, innovation, and excellence at the center, University of Arkansas at Little Rock has been imparti

Little Rock, Arkansas 4 years Public

Other Private for-profit Colleges

The mission is to deliver high quality, relevant education and to offer exceptional flexibility, accessibility, and affordability to deserving, working adults trying to better their lives.

Grantham University offers a choice of 50+ degree and certificate programs along wi

Lenexa, Kansas 4 years Private For-Profit

The college holds different accreditation in an institution and programmatic level. UP is regionally licensed and is recognized by the Higher Learni

Capella University is one of the most prominent leading online universities which offer numerous programs that are competency-based curricula such as GuidedPath: The platform that aims at delivering foundational knowledge and real-world skills, so everything students learn is app

Minneapolis, Minnesota 4 years Private For-Profit