by our College Data Analytics TeamMost 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 cost of going to The Barber School can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will The Barber School deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to find out just how much financial aid will 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 The Barber School.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at The Barber School, 86% of first-year full-time students received aid of some kind some 19 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,598 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $6,598 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $7,826 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At The Barber School, about 57% of undergraduates were awarded grant or scholarship aid averaging $5,592 (covering around 125 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $5,592 |
| Federal Pell grants | 57% | $5,592 |
| Federal student loans | 61% | $6,570 |
Title-IV recipients living on campus saw average grant aid of $4,012.
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 | $20,944 |
| $30,001 – $75,000 | $21,768 |
| Over $75,000 | $25,627 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $18,744 |
| Off-campus title-IV students | $21,150 |
To project your own net price, use The Barber School’s net price tool: thebarberschool.com/net-price-calculator/.
The median federal debt load at The Barber School comes to $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,096 |
| Typical 10-year monthly payment (graduates) | $85.83/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at The Barber School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $5,425 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $7,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. The Barber School.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at The Barber School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 658 |
| Total Stafford loan amount | $4,256,790 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.