Number Received Financial Aid (All Undergraduate)
56
Percent Received Financial Aid(All Undergraduate)
71%
Average Aid Amount
$3,969
Number Received Financial Aid (Freshmen)
27
Percent Received Financial Aid (Freshmen)
84%
Financial Aid Information at Formations Institute of Cosmetology & Barbering
For the academic year 2021-2022, a total of 56 students (71% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $3,969. For freshmen (Full-time, first-time degree-seeking undergraduate students), 27 students (84% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Formations Institute of Cosmetology & Barbering is $17,250, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 56 students (71% of all students) have received grants or scholarships and the average received aid amount is $3,969. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Formations Institute of Cosmetology & Barbering for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 56 | 71% | $3,969 |
| Pell Grants | 52 | 66% | $3,916 |
| Federal Student Loans | 53 | 67% | $5,068 |
Beginning Students Financial Aid
a total of 27 beginning students (84% of all freshmen) have received any financial aid and 27 students (84% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Formations Institute of Cosmetology & Barbering.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 27 | 84% | - |
| Grants or Scholarship from All Sources | 23 | 72% | $4,421 |
| Federal Grants | 21 | 66% | $4,425 |
| Pell Grants | 21 | 66% | $4,425 |
| Other Federal Grants | 0 | 0% | $0 |
| State/Local Grants | 0 | 0% | $0 |
| Institutional Grants | 4 | 13% | $2,188 |
| Student Loans | 20 | 63% | $4,663 |
| Federal Student Loans | 20 | 63% | $4,663 |
| Other Student Loans | 0 | 0% | $0 |
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