by our College Data Analytics TeamA large number of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Alamo City Barber College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can ACBC provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Alamo City Barber College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Alamo City Barber College, 97% of the incoming full-time class was awarded financial aid roughly 77 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $7,019 |
| Institutional grants & scholarships | 1% | $2,500 |
| Federal Pell grants | 90% | $7,015 |
| State/local grants | 0% | — |
| Federal student loans | 89% | $5,408 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At ACBC, approximately 83% of undergrads got grants or scholarships worth on average $5,543 (for some 213 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $5,543 |
| Federal Pell grants | 82% | $5,506 |
| Federal student loans | 67% | $3,961 |
For on-campus title-IV students, average grant aid came to $6,552.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,957 |
| $30,001 – $75,000 | $14,818 |
| Over $75,000 | $13,439 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,347 |
| Off-campus title-IV students | $15,890 |
To project your own net price, use ACBC’s net price calculator: www.alamocitybarbercollege.com/npc/npcalc.html.
The middle student in the debt distribution at ACBC owes $5,281 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,281 |
| Median federal debt (graduates only) | $6,937 |
| Typical 10-year monthly payment (graduates) | $73.54/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at ACBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,828 |
| 25th percentile | $5,698 |
| 75th percentile | $14,500 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,001 |
A handful of calculated indicators summarize the debt outlook at ACBC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at ACBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 800 |
| Total Stafford loan amount | $6,402,275 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $219,967 |
| Average GI Bill amount per recipient | $11,577 |
References
More about our data sources and methodologies.