$5,610

Avg. Federal Grant

$8,554

Avg. Federal Loan

$250,061

Total Aid Awarded

Mississippi College of Beauty Culture Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$250.061K

Financial Aid Official Website

hatfieldsinc.com

As many as 47% of the students at MCBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $244,169 in a year. The total percentage of candidates applying to Mississippi College of Beauty Culture who receive the Federal Grant is 41%. In comparison, 41% of the students get the Student Grant, and 41% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,580. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 41% of the applicants to Mississippi College of Beauty Culture opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,610

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,610

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,732

$30,001 - $48,000

N/A

$48,001 - $75,000

$3,170

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Mississippi College of Beauty Culture

Average Loan Amount Average Loan Amount received per year.

$8,554/Year

Students Taking Out Loans

48%

Loan Default Rate

N/A

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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#N/A

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