$4,736

Avg. Federal Grant

$7,168

Avg. Federal Loan

$274,316

Total Aid Awarded

Vibe Barber College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$274.316K

Financial Aid Official Website

vibebarbercollege.edu

Interestingly, almost all of the students at VBC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $381,871 in a year. Notably, a total of 100% of the applicants to Vibe Barber College receive the Federal Grant every year. In comparison, 100% of the students get the Student Grant, and 100% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,733. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Vibe Barber College, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,736

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,736

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,383

$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 Vibe Barber College

Average Loan Amount Average Loan Amount received per year.

$7,168/Year

Students Taking Out Loans

88%

Loan Default Rate

59.5%

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