by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to California College of Barbering and Cosmetology can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does CAL CBC offer, and what will you qualify for? Keep scrolling for more information. Read on to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from California College of Barbering and Cosmetology.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at California College of Barbering and Cosmetology, 91% of new full-time first-years were awarded at least some aid some 135 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,923 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $5,536 |
| State/local grants | 9% | $1,925 |
| Federal student loans | 79% | $5,587 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At CAL CBC, about 65% of undergraduates were awarded grant or scholarship aid averaging $5,606 (covering around 299 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,606 |
| Federal Pell grants | 65% | $5,201 |
| Federal student loans | 64% | $5,791 |
On-campus students receiving title-IV aid were awarded grants averaging $4,220.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,288 |
| $30,001 – $75,000 | $15,559 |
| Over $75,000 | $19,077 |
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 | $16,245 |
| Off-campus title-IV students | $15,580 |
To get a personalized net price estimate, try CAL CBC’s net price calculator: calcbc.com/net-price-calculator/.
Graduating students at CAL CBC carry a median federal student debt of $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,864 |
| High income | $5,542 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,780 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. CAL CBC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at CAL CBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 634 |
| Total Stafford loan amount | $4,422,723 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $65,110 |
| Average GI Bill amount per recipient | $7,234 |
References
More about our data sources and methodologies.