by our College Data Analytics TeamThe majority of students will never be charged 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 total price of attendance at Sharp Edgez Barber Institute can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Sharp Edgez Barber Institute provide, and just what are you going to be eligible for? Read on for answers. Read on to find out how much school funding will be available 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 Sharp Edgez Barber Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Sharp Edgez Barber Institute, 100% of new full-time first-years were awarded at least some aid approximately 25 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,930 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $4,930 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $5,627 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Sharp Edgez Barber Institute, approximately 86% of undergraduate students received gift aid averaging $2,950 (for some 108 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $2,950 |
| Federal Pell grants | 85% | $2,539 |
| Federal student loans | 74% | $3,039 |
For students living on campus and receiving title-IV aid, grants averaged $4,930.
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 | $13,475 |
| $30,001 – $75,000 | $12,896 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,714 |
| Off-campus title-IV students | $13,475 |
For an estimate tailored to your family circumstances, see Sharp Edgez Barber Institute’s online cost calculator: www.sharpedgez.com/net-price-calculator.html.
The median student at Sharp Edgez Barber Institute graduates with $5,426 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,426 |
| Median federal debt (graduates only) | $5,476 |
| Typical 10-year monthly payment (graduates) | $58.05/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Sharp Edgez Barber Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,520 |
| 25th percentile | $4,523 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $6,333 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,426 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,665 |
| Independent students | $5,476 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Sharp Edgez Barber Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Sharp Edgez Barber Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 702 |
| Total Stafford loan amount | $3,645,549 |
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 | 2 |
| Total GI Bill amount | $20,200 |
| Average GI Bill amount per recipient | $10,100 |
References
More about our data sources and methodologies.