by our College Data Analytics TeamMany students will never be charged 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 American Barber Academy can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will American Barber Academy deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from American Barber Academy.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at American Barber Academy, 50% of entering full-time freshmen got some type of financial assistance approximately 40 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $6,386 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 43% | $6,386 |
| State/local grants | 0% | — |
| Federal student loans | 44% | $6,732 |
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, about 42% of the undergraduate population received grant aid that averaged $5,278 (across roughly 92 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $5,278 |
| Federal Pell grants | 42% | $5,278 |
| Federal student loans | 44% | $6,098 |
A typical borrower at American Barber Academy leaves with $8,028 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,028 |
| Median federal debt (graduates only) | $11,583 |
| Typical 10-year monthly payment (graduates) | $122.8/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,028 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,028 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at American Barber Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at American Barber Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 227 |
| Total Stafford loan amount | $1,932,320 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $14,607 |
| Average GI Bill amount per recipient | $14,607 |
References
More about our data sources and methodologies.