$4,329

Avg. Federal Grant

$7,404

Avg. Federal Loan

$361,411

Total Aid Awarded

Washington Barber College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$361.411K

Financial Aid Official Website

www.washingtonbarbercollege.edu/financial-aid/

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 $428,061. At WBCI, the total percentage of applicants who receive the Federal Grant stands at 100%. On the other hand, 100% of the candidates get the Student Grant, while 100% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,261. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 100% of the applicants to Washington Barber College Inc opt 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

$4,329

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,329

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,443

$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 Washington Barber College

Average Loan Amount Average Loan Amount received per year.

$7,404/Year

Students Taking Out Loans

35%

Loan Default Rate

24.7%

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