$2,542

Avg. Federal Grant

$4,178

Avg. Federal Loan

$107,244

Total Aid Awarded

Woodward Beauty College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$107.244K

Financial Aid Official Website

woodwardbeautycollege.org

Notably, 90% of the students at Formations Institute of Cosmetology & Barbering get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $195,646. Notably, a total of 86% of the applicants to Formations Institute of Cosmetology & Barbering receive the Federal Grant every year. In comparison, 86% of the students get the Student Grant, and 86% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $6,055. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Formations Institute of Cosmetology & Barbering, the percentage of candidates who opt to avail of student loans is around 67%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

93%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

93%

Average Aid Awarded

Federal Grant Aid

$2,542

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$2,542

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,481

$30,001 - $48,000

N/A

$48,001 - $75,000

$3,137

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Woodward Beauty College

Average Loan Amount Average Loan Amount received per year.

$4,178/Year

Students Taking Out Loans

90%

Loan Default Rate

13.1%

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#N/A

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