$5,208

Avg. Federal Grant

$6,147

Avg. Federal Loan

$1,316,298

Total Aid Awarded

Moler Barber College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$1.316M

Financial Aid Official Website

moler.org

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. Notably, 93% of the students at Moler Barber College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,482,436. The total percentage of candidates applying to Moler Barber College who receive the Federal Grant is 80%. Meanwhile, 80% of the applicants receive the Student Grant, while 80% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,036. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At MBC, an estimated number of 89% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

42%

Institution Grant Aid

1%

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$5,208

State Grant Aid

$1,215

Institution Grant Aid

$2,262

Pell Grant

$5,031

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,132

$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 Moler Barber College

Average Loan Amount Average Loan Amount received per year.

$6,147/Year

Students Taking Out Loans

88%

Loan Default Rate

23.7%

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