by our College Data Analytics TeamMost 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 sum total of attendance at Vibe Barber College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Vibe Barber College deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see just how much financial aid could be open 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 Vibe Barber College.
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 Vibe Barber College, 90% of entering full-time freshmen got some type of financial assistance roughly 9 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,179 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 60% | $6,179 |
| State/local grants | 0% | — |
| Federal student loans | 50% | $8,700 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 69% of undergraduate students received gift aid averaging $6,008 (across approximately 57 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,008 |
| Federal Pell grants | 69% | $6,008 |
| Federal student loans | 41% | $7,622 |
For students living on campus and receiving title-IV aid, grants averaged $6,179.
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 | $14,538 |
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 | $17,560 |
| Off-campus title-IV students | $18,726 |
To get a personalized net price estimate, try Vibe Barber College’s NPC: vibebarbercollege.edu/calculator/.
The middle student in the debt distribution at Vibe Barber College owes $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. These percentiles trace how cumulative federal debt is spread among borrowers at Vibe Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Vibe Barber College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Vibe Barber College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 265 |
| Total Stafford loan amount | $2,263,623 |
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 | 6 |
| Total GI Bill amount | $88,125 |
| Average GI Bill amount per recipient | $14,688 |
References
More about our data sources and methodologies.