$5,837

Avg. Federal Grant

$5,005

Avg. Federal Loan

$407,590

Total Aid Awarded

Bos-Mans Barber College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$407.590K

Financial Aid Official Website

N/A

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $225,600. At BMBC, the total percentage of applicants who receive the Federal Grant stands at 100%. In comparison, 100% of the students get the Student Grant, and 100% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $6,095. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 100% of the applicants to Bos-Man's Barber College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

100%

Average Aid Awarded

Federal Grant Aid

$5,837

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,837

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,837

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Bos-Mans Barber College

Average Loan Amount Average Loan Amount received per year.

$5,005/Year

Students Taking Out Loans

100%

Loan Default Rate

33.3%

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