by our College Data Analytics TeamThe majority of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Larry’s Barber College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Larry’s Barber College offer you, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Larry’s Barber College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can 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 Larry’s Barber College, 100% of the incoming full-time class was awarded financial aid some 45 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,430 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,430 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $4,012 |
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, approximately 100% of the undergraduate population received grant aid that averaged $6,245 (for some 88 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,245 |
| Federal Pell grants | 100% | $6,245 |
| Federal student loans | 100% | $4,547 |
For on-campus title-IV students, average grant aid came to $6,430.
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 | $11,692 |
| $30,001 – $75,000 | $11,692 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $12,165 |
| Off-campus title-IV students | $11,692 |
To get a personalized net price estimate, try Larry’s Barber College’s net price calculator: larrysbarbercollege.com/financial-aid/.
The middle student in the debt distribution at Larry’s Barber College owes $3,723 of cumulative federal debt.
| 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Larry’s Barber College.
| 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.
Dependent vs Independent Students
| 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.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Larry’s Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 430 |
| Total Stafford loan amount | $1,639,629 |
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 | 3 |
| Total GI Bill amount | $51,570 |
| Average GI Bill amount per recipient | $17,190 |
References
More about our data sources and methodologies.