by our College Data Analytics TeamThe majority 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 sum total of attendance at Washington Barber College Inc can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Washington Barber College Inc deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover how much school funding could 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. Read on to get a sense of the financial assistance available at Washington Barber College Inc.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Washington Barber College Inc, 100% of first-year full-time students received aid of some kind approximately 79 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,350 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $4,350 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $4,387 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Washington Barber College Inc, about 100% of the undergraduate population received grant aid that averaged $4,350 (among about 79 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $4,350 |
| Federal Pell grants | 100% | $4,350 |
| Federal student loans | 100% | $5,158 |
On-campus students receiving title-IV aid were awarded grants averaging $4,350.
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 | $16,141 |
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 | $15,563 |
| Off-campus title-IV students | $16,141 |
To project your own net price, use Washington Barber College Inc’s net price calculator: washingtonbarbercollege.edu/NetPriceTemplate/.
The median federal debt load at Washington Barber College Inc comes to $13,022 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,022 |
| Median federal debt (graduates only) | $14,000 |
| Typical 10-year monthly payment (graduates) | $148.42/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Washington Barber College Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $4,750 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
A handful of calculated indicators summarize the debt outlook at Washington Barber College Inc.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Washington Barber College Inc:
| Metric | Value |
|---|---|
| Stafford loan recipients | 616 |
| Total Stafford loan amount | $7,862,277 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $88,335 |
| Average GI Bill amount per recipient | $5,889 |
References
More about our data sources and methodologies.