by our College Data Analytics TeamMost 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 price of attendance at Kenny’s Academy of Barbering can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Kenny’s Academy of Barbering provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover how much school funding could be available 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 information provided on this page can help you determine how much aid you may receive from Kenny’s Academy of Barbering.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Kenny’s Academy of Barbering, 35% of the incoming full-time class was awarded financial aid around 12 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $4,082 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 35% | $4,082 |
| State/local grants | 0% | — |
| Federal student loans | 24% | $5,448 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Kenny’s Academy of Barbering, some 35% of undergrads got grants or scholarships worth on average $4,422 (among about 88 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $4,422 |
| Federal Pell grants | 35% | $4,422 |
| Federal student loans | 34% | $6,164 |
Title-IV recipients living on campus saw average grant aid of $3,658.
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 | $15,665 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,456 |
| Off-campus title-IV students | $15,665 |
For an estimate tailored to your family circumstances, see Kenny’s Academy of Barbering’s online cost calculator: kennysacademy.edu/Net-price-calculator/.
The middle student in the debt distribution at Kenny’s Academy of Barbering owes $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $16,500 |
| Typical 10-year monthly payment (graduates) | $174.93/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Kenny’s Academy of Barbering.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Kenny’s Academy of Barbering:
| Metric | Value |
|---|---|
| Stafford loan recipients | 472 |
| Total Stafford loan amount | $4,557,485 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $96,775 |
| Average GI Bill amount per recipient | $19,355 |
References
More about our data sources and methodologies.