by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at UR Beauty & Barber Academy can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will UR Beauty & Barber Academy provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from UR Beauty & Barber Academy.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at UR Beauty & Barber Academy, 61% of the incoming full-time class was awarded financial aid some 22 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $4,268 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 56% | $4,268 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $4,590 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 50% of undergraduates were awarded grant or scholarship aid averaging $4,546 (across roughly 28 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,546 |
| Federal Pell grants | 50% | $4,546 |
| Federal student loans | 57% | $5,318 |
For on-campus title-IV students, average grant aid came to $3,678.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,934 |
| $30,001 – $75,000 | $14,480 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $16,585 |
| Off-campus title-IV students | $12,470 |
For a customized cost estimate, visit UR Beauty & Barber Academy’s net price calculator: www.urbeautybarberacademy.com/net-price-calculator.
Graduating students at UR Beauty & Barber Academy carry a median federal student debt of $7,667 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,667 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The figure below distills the debt data into a single burden category for UR Beauty & Barber Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at UR Beauty & Barber Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 73 |
| Total Stafford loan amount | $575,671 |
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.