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Moler Barber College Financial Aid Details

98% Freshmen Get Financial Aid
$5,351 Average Grant & Scholarship
68% Undergrads Get Grant Aid

A large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Moler Barber College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.

Just what financial assistance solutions will Moler Barber College deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn just how much financial aid will be open to you.

Importance of Moler Barber College Aid Information

The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Moler Barber College.

Average Freshman Financial Aid at Moler Barber College

Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.

At Moler Barber College, 98% of new full-time first-years were awarded at least some aid some 182 first-years).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)94%$5,958
Institutional grants & scholarships6%$3,500
Federal Pell grants88%$6,125
State/local grants0%
Federal student loans89%$7,776

Scholarships and Grants at Moler Barber College

Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Moler Barber College, approximately 68% of the undergraduate population received grant aid that averaged $5,351 (covering around 406 recipients).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)68%$5,351
Federal Pell grants65%$5,366
Federal student loans63%$6,849

For students living on campus and receiving title-IV aid, grants averaged $6,067.

Aid by Income Level at Moler Barber College

Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.

Family IncomeAverage Net Price
$0 – $48,000$22,135

These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.

Average Net Price for Moler Barber College

The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.

CohortAverage Net Price
On-campus title-IV students$23,361
Off-campus title-IV students$23,222

To get a personalized net price estimate, try Moler Barber College’s NPC: moler.org/docs/net-price-calculator/npcalc.htm.

Student Debt Levels at Moler Barber College

The middle student in the debt distribution at Moler Barber College owes $8,374 of federal borrowing.

MetricAmount
Median federal debt (all student-aid borrowers)$8,374
Median federal debt (graduates only)$10,556
Typical 10-year monthly payment (graduates)$111.91/mo

At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.

Where Student Debt Falls

Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Moler Barber College.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$2,750
25th percentile$4,750
75th percentile$9,833
90th percentile (highest-debt students)$12,800

Student Debt by Cohort at Moler Barber College

Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.

Median Debt by Income Bracket

Income tierMedian federal debt
Low income$7,253
Middle income$9,250
High income$5,500

Dependency-Status Comparison

CohortMedian federal debt
Dependent students$6,317
Independent students$9,500

Is the Debt Manageable?

Federal data publishes pre-calculated indicators that summarize debt outcomes. Moler Barber College.

Student Loans at Moler Barber College

Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Moler Barber College:

MetricValue
Stafford loan recipients1206
Total Stafford loan amount$10,718,611

Military and Veterans Aid at Moler Barber College

The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.

GI Bill volume

MetricValue
GI Bill recipients8
Total GI Bill amount$113,922
Average GI Bill amount per recipient$14,240

References

More about our data sources and methodologies.

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