$4,090

Avg. Federal Grant

$6,592

Avg. Federal Loan

$239,909

Total Aid Awarded

Old Town Barber College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$239.909K

Financial Aid Official Website

www.otbcollege.com

Notably, 82% of the students at Old Town Barber College-Wichita get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $524,732. At OTBCW, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 75% of the candidates get the Student Grant, while 75% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,341. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At OTBCW, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$4,090

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,090

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,322

$30,001 - $48,000

N/A

$48,001 - $75,000

$1,388

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Old Town Barber College

Average Loan Amount Average Loan Amount received per year.

$6,592/Year

Students Taking Out Loans

64%

Loan Default Rate

25.5%

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