$3,711

Avg. Federal Grant

$6,465

Avg. Federal Loan

$482,922

Total Aid Awarded

American College of Barbering Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$482.922K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 79% of students at ACB receive some kind of financial aid, while the total amount of assistance/loans provided is $505,505. Notably, a total of 74% of the applicants to American College of Barbering receive the Federal Grant every year. In comparison, 74% of the students get the Student Grant, and 74% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,923. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 67% of the applicants to American College of Barbering opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$3,711

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,711

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,573

$30,001 - $48,000

$2,384

$48,001 - $75,000

$4,963

$75,001 - $110,000

$488

Over $110,000

N/A

Student Loans for American College of Barbering

Average Loan Amount Average Loan Amount received per year.

$6,465/Year

Students Taking Out Loans

68%

Loan Default Rate

48.3%

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