by our College Data Analytics TeamMost students are not billed 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 sum total of attendance at Texas Barber College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Texas Barber College provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to learn what amount of financial assistance will be accessible 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 Texas Barber College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Texas Barber College, 77% of the incoming full-time class was awarded financial aid approximately 194 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,398 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 77% | $5,398 |
| State/local grants | 0% | — |
| Federal student loans | 74% | $6,515 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Texas Barber College, approximately 90% of undergraduate students received gift aid averaging $3,234 (across approximately 805 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $3,234 |
| Federal Pell grants | 90% | $3,205 |
| Federal student loans | 90% | $3,835 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,398.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,204 |
| $30,001 – $75,000 | $17,263 |
| Over $75,000 | $15,514 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $28,639 |
| Off-campus title-IV students | $17,164 |
For a personalized estimate based on your family’s financial situation, use Texas Barber College’s net price tool: txbarber.edu/Net_Price_Calculator/index.htm.
The median federal debt load at Texas Barber College comes to $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/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 figures below chart the debt distribution at Texas Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,029 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,733 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,680 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Texas Barber College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Texas Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8810 |
| Total Stafford loan amount | $95,249,268 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 62 |
| Total GI Bill amount | $725,835 |
| Average GI Bill amount per recipient | $11,707 |
References
More about our data sources and methodologies.