by our College Data Analytics TeamA lot of students will not be asked to pay 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 sum total of attendance at Larry’s Barber College-Joliet can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Larry’s Barber College-Joliet offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to learn just how much financial aid will be open 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 Larry’s Barber College-Joliet.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Larry’s Barber College-Joliet, 100% of first-time, full-time freshmen received some form of financial aid (about 16 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,554 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,554 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $3,854 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 100% of undergraduates were awarded an average grant or scholarship of $6,554 (across approximately 27 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,554 |
| Federal Pell grants | 100% | $6,554 |
| Federal student loans | 52% | $4,470 |
Title-IV recipients living on campus saw average grant aid of $6,554.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,362 |
| $30,001 – $75,000 | $16,362 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,685 |
| Off-campus title-IV students | $16,362 |
To project your own net price, use Larry’s Barber College-Joliet’s official net price calculator: www.larrysbarbercollege.com/net-price-calculator/.
The middle student in the debt distribution at Larry’s Barber College-Joliet owes $3,723 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,723 |
| Median federal debt (graduates only) | $3,945 |
| Typical 10-year monthly payment (graduates) | $41.82/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Larry’s Barber College-Joliet.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $928 |
| 75th percentile | $2,700 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,848 |
| Independent students | $3,693 |
A handful of calculated indicators summarize the debt outlook at Larry’s Barber College-Joliet.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Larry’s Barber College-Joliet:
| Metric | Value |
|---|---|
| Stafford loan recipients | 430 |
| Total Stafford loan amount | $1,639,629 |
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 | 1 |
| Total GI Bill amount | $17,190 |
| Average GI Bill amount per recipient | $17,190 |
References
More about our data sources and methodologies.