by our College Data Analytics TeamA large number of students will not be asked to pay 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 total price of attendance at Premier Barber Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Premier Barber Institute provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Premier Barber Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Premier Barber Institute, 96% of first-time, full-time freshmen received some form of financial aid approximately 24 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $5,694 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 96% | $5,694 |
| State/local grants | 0% | — |
| Federal student loans | 96% | $9,670 |
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 Premier Barber Institute, roughly 71% of the undergraduate population received grant aid that averaged $5,837 (across roughly 84 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,837 |
| Federal Pell grants | 71% | $5,777 |
| Federal student loans | 78% | $7,739 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,694.
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 | $19,724 |
| $30,001 – $75,000 | $20,555 |
| Over $75,000 | $25,152 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,339 |
| Off-campus title-IV students | $19,904 |
To project your own net price, use Premier Barber Institute’s official net price calculator: www.premierbarberinstitute.com/courses.html.
The median federal debt load at Premier Barber Institute comes to $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,583 |
| Typical 10-year monthly payment (graduates) | $144.0/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,028 |
| Independent students | $13,583 |
The figure below distills the debt data into a single burden category for Premier Barber Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Premier Barber Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 215 |
| Total Stafford loan amount | $1,958,842 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.