Number Received Financial Aid (All Undergraduate)
50
Percent Received Financial Aid(All Undergraduate)
75%
Average Aid Amount
$3,577
Number Received Financial Aid (Freshmen)
18
Percent Received Financial Aid (Freshmen)
90%
Financial Aid Information at Formations Institute of Cosmetology & Barbering
For the academic year 2023-2024, a total of 50 students (75% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $3,577. For freshmen (Full-time, first-time degree-seeking undergraduate students), 18 students (90% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Formations Institute of Cosmetology & Barbering is $17,400, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 50 students (75% of all students) have received grants or scholarships and the average received aid amount is $3,577. 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 | 50 | 75% | $3,577 |
| Pell Grants | 44 | 66% | $4,005 |
| Federal Student Loans | 44 | 66% | $5,555 |
Beginning Students Financial Aid
a total of 18 beginning students (90% of all freshmen) have received any financial aid and 18 students (90% 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 | 18 | 90% | - |
| Grants or Scholarship from All Sources | 17 | 85% | $4,751 |
| Federal Grants | 16 | 80% | $4,991 |
| Pell Grants | 16 | 80% | $4,991 |
| Other Federal Grants | 0 | 0% | - |
| State/Local Grants | 0 | 0% | - |
| Institutional Grants | 3 | 15% | $300 |
| Student Loans | 16 | 80% | $7,085 |
| Federal Student Loans | 16 | 80% | $7,085 |
| Other Student Loans | 0 | 0% | - |
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