by our College Data Analytics TeamA large number of students are not billed 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 sum total of attendance at Goodfellas Barber College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Goodfellas Barber College provide, and just what are you going to be eligible for? Read on for answers. Read on to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Goodfellas Barber College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Goodfellas Barber College, 71% of first-year full-time students received aid of some kind approximately 30 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,594 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,594 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $11,453 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 74% of undergraduates were awarded an average grant or scholarship of $6,848 (among about 39 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $6,848 |
| Federal Pell grants | 74% | $6,848 |
| Federal student loans | 64% | $11,351 |
For students living on campus and receiving title-IV aid, grants averaged $6,594.
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 | $18,027 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,225 |
| Off-campus title-IV students | $18,027 |
For an estimate tailored to your family circumstances, see Goodfellas Barber College’s NPC: www.gfbc.edu/net-price-calculator.
The median student at Goodfellas Barber College graduates with $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $16,500 |
| Typical 10-year monthly payment (graduates) | $174.93/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A handful of calculated indicators summarize the debt outlook at Goodfellas Barber College.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Goodfellas Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 63 |
| Total Stafford loan amount | $629,324 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $37,000 |
| Average GI Bill amount per recipient | $18,500 |
References
More about our data sources and methodologies.