by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price of attendance at Larry’s Barber College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Larry’s Barber College offer you, and what will you qualify for? Keep reading for more information. Keep reading 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 figures below will help you estimate the aid you might receive from Larry’s Barber College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Larry’s Barber College, 100% of first-time, full-time freshmen received some form of financial aid (about 23 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,395 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $3,395 |
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 Larry’s Barber College, around 100% of undergrads got grants or scholarships worth on average $6,957 (across approximately 59 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,957 |
| Federal Pell grants | 100% | $6,957 |
| Federal student loans | 61% | $3,668 |
For students living on campus and receiving title-IV aid, grants averaged $7,395.
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 | $16,813 |
| $30,001 – $75,000 | $12,942 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $13,471 |
| Off-campus title-IV students | $16,813 |
For a customized cost estimate, visit Larry’s Barber College’s online cost calculator: www.larrysbarbercollege.com/financial-aid.
Graduating students at Larry’s Barber College carry a median federal student debt of $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. The four reference points below map the debt distribution at Larry’s Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $928 |
| 75th percentile | $2,700 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,848 |
| Independent students | $3,693 |
The figure below distills the debt data into a single burden category for Larry’s Barber College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Larry’s Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 430 |
| Total Stafford loan amount | $1,639,629 |
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 | 1 |
| Total GI Bill amount | $17,190 |
| Average GI Bill amount per recipient | $17,190 |
References
More about our data sources and methodologies.