by our College Data Analytics TeamMost students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Phipps Academy of Barbering can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Phipps Academy of Barbering offer, and what will you qualify for? Keep reading for more information. Keep going to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Phipps Academy of Barbering.
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.
Looking at the entering class at Phipps Academy of Barbering, 100% of the incoming full-time class was awarded financial aid around 28 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,698 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $3,698 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $2,187 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Phipps Academy of Barbering, approximately 100% of undergraduate students received gift aid averaging $2,893 (covering around 69 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $2,893 |
| Federal Pell grants | 100% | $2,893 |
| Federal student loans | 100% | $3,746 |
For students living on campus and receiving title-IV aid, grants averaged $3,698.
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 | $11,785 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,509 |
| Off-campus title-IV students | $11,785 |
For a personalized estimate based on your family’s financial situation, use Phipps Academy of Barbering’s NPC: www.phippsacademy.com/net-price-calculator.
Graduating students at Phipps Academy of Barbering carry a median federal student debt of $6,556 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,556 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The Department of Education computes summary indicators that describe debt outcomes at a glance. Phipps Academy of Barbering.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Phipps Academy of Barbering:
| Metric | Value |
|---|---|
| Stafford loan recipients | 165 |
| Total Stafford loan amount | $1,353,674 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $40,000 |
| Average GI Bill amount per recipient | $20,000 |
References
More about our data sources and methodologies.