by our College Data Analytics TeamMost students are not billed 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 cost of going to Florida Barber Academy can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does Florida Barber Academy offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover how much school funding could be available 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 Florida Barber Academy.
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.
Among first-time, full-time freshmen at Florida Barber Academy, 68% of first-time, full-time freshmen received some form of financial aid some 70 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,237 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $6,237 |
| State/local grants | 0% | — |
| Federal student loans | 59% | $8,269 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 62% of undergraduates were awarded an average grant or scholarship of $5,333 (across roughly 255 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $5,333 |
| Federal Pell grants | 62% | $5,333 |
| Federal student loans | 49% | $7,312 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,773.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,397 |
| $30,001 – $75,000 | $25,897 |
| Over $75,000 | $29,509 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,151 |
| Off-campus title-IV students | $24,713 |
For a customized cost estimate, visit Florida Barber Academy’s official net price calculator: www.floridabarberacademy.edu/netprice/npcalc2021.htm.
The median student at Florida Barber Academy graduates with $13,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/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 figures below chart the debt distribution at Florida Barber Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,253 |
| 25th percentile | $3,817 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $13,000 |
A handful of calculated indicators summarize the debt outlook at Florida Barber Academy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Florida Barber Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2607 |
| Total Stafford loan amount | $26,634,552 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $56,030 |
| Average GI Bill amount per recipient | $9,338 |
References
More about our data sources and methodologies.