by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Barber & Beauty Institute of New York can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Barber & Beauty Institute of New York provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Barber & Beauty Institute of New York.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Barber & Beauty Institute of New York, 100% of first-year full-time students received aid of some kind (about 39 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,349 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $3,349 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $1,118 |
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 Barber & Beauty Institute of New York, some 100% of undergrads got grants or scholarships worth on average $3,554 (across approximately 39 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,554 |
| Federal Pell grants | 100% | $3,554 |
| Federal student loans | 100% | $5,551 |
For on-campus title-IV students, average grant aid came to $3,349.
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 | $15,939 |
| $30,001 – $75,000 | $15,957 |
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 | $15,730 |
| Off-campus title-IV students | $13,730 |
To project your own net price, use Barber & Beauty Institute of New York’s official net price calculator: www.bbiny.edu/#!tuition-financial-aid/cft0.
Graduating students at Barber & Beauty Institute of New York carry a median federal student debt of $3,695 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,695 |
| Median federal debt (graduates only) | $4,223 |
| Typical 10-year monthly payment (graduates) | $44.77/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Barber & Beauty Institute of New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,764 |
| 25th percentile | $3,477 |
| 75th percentile | $5,056 |
| 90th percentile (highest-debt students) | $7,389 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $3,252 |
These indicators are derived from the underlying debt data and summarize the overall picture at Barber & Beauty Institute of New York.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Barber & Beauty Institute of New York:
| Metric | Value |
|---|---|
| Stafford loan recipients | 388 |
| Total Stafford loan amount | $1,489,361 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $39,250 |
| Average GI Bill amount per recipient | $7,850 |
References
More about our data sources and methodologies.