Title IV Funding (Financial Aid)

TITLE IV FUNDING

Alamo City Barber College is approved as an eligible institution by the U. S. Department of Education to participate in Title IV Grant and Loan programs. The packaging of financial assistance is determined in accordance with guidelines established by the United States Department of Education.

A variety of Financial Aid assistance programs are available to qualified students. They are as follows:

  • Federal Pell Grant: Intended to be the basis of the financial aid package and may be combined with other aid to meet the full cost of attendance. The Federal Pell Grant is a need based aid program in which an eligible recipient does not have to repay the funds received.

    FEDERAL DIRECT LOAN PROGRAMS:

    These are low interest loans for undergraduate and graduate students made available through the Federal Government. Federal Direct Loan Programs include the Federal Direct Subsidized, Federal Direct Unsubsidized and Federal Direct Plus loans. There are grade level progressions and loan limits used for the administration of these loans. Additionally, these loans are made through the William D. Ford Federal Direct Loan (Direct Loan) Program, which is administered by the United States Department of Education. A description of the programs is prescribed below.

  • Federal Direct Subsidized Loan: This is a need-based-loan for which the Federal government subsidizes the interest until repayment begins and during any period of deferment. This is a loan and recipients must begin making payments at the end of their six-month grace period.
  • Federal Direct Unsubsidized Loan: This is a non-need-based loan for which the Federal Government does not pay the interest subsidy. Interest accrues during all periods. The recipient has the option to pay the interest or to defer payment of the interest for the grace period. This is known as capitalization. This is a loan and recipients must begin making payments at the end of their six-month grace period.
  • Federal Direct Plus Loan: This loan is available to parents of dependent undergraduate students to help pay for the cost of the dependent’s education. Borrowers of PLUS Loans are required to undergo a credit check by the lending institution. The definition of a “parent” for PLUS Loan eligibility is a student’s biological, adoptive or step-parent in the event that person’s income would have been taken into consideration when calculating the student’s expected family contribution (EFC). Interest is charged during all periods.

HOW TO APPLY FOR FINANCIAL AID

  • Download and complete the most recent years Federal Student Aid forms (FAFSA) at www.fafsa.ed.gov. When filling out the application be sure to input our school code (042319). Upon completing the FAFSA, please return it to the school by fax (210.523.7779), email ([email protected]) or in person at 8910 Bandera Road Suite 209, San Antonio, Texas 78250.

Please note, it takes approximately two weeks for financial aid to be processed by the United States Department of Education.

VERIFICATION

Students selected by the United States Department of Education for the process of verification are frequently required to submit additional information and/or parents’ financial & household information to the finance office. The verification procedures will be conducted as follows:

  • When selected by the United States Department of Education for the process of verification, the student must submit all required documentation to the Financial Aid office within 10 days of the date notified additional documentation is needed for the verification process.
  • If the student does not provide all of the required documentation within the 10 day time frame, the student will be required to make other payment arrangements until the documentation is received and the student’s eligibility for federal student aid has been established.
  • The Financial Aid Officer reserves the right to make exceptions to the policy stated above on a case by case basis for extenuating circumstances. The finance office will notify the student of any changes to their financial aid award resulting from corrections made due to the verification process.
  • An adjustment will be made to the student’s financial aid award as required by federal regulations and an addendum to the existing award letter or a new award letter will be issued.

Students selected for verification should complete the most recent Independent or Dependent Student Verification forms (maintained in the Financial Aid Office) and supply them back to the Financial Aid office within 10 days of the date notified.

CONFLICTING INFORMATION

Alamo City Barber College understands all conflicting information must be resolved before any Title IV funds can be disbursed. Students with conflicting information in their files or paperwork may be selected for verification by the school or its servicer in order to resolve the information in question.

NET PRICE CALCULATOR


Click here to calculate an estimated cost of attending Alamo City Barber College as an enrolled student in the Class A Barber Program.

GAINFUL EMPLOYMENT

Students whom graduate from Alamo City Barber College can expect to acquire one of the following positions in the profession. Pursuant to the guidelines as administered by the United States Department of Education, we have disclosed the United States Department of Labor Standard Occupational Classification Codes (SOC) for your review: the purpose of which is to educate the student population with an idea of the minimum expectations and average pay relative to the profession chosen.

Occupational Title SOC Code O*Net Link
Barber 39-5011.00 www.onetonline.org/link/summary/39-5011.00
Hairstylist 39-5012.00 www.onetonline.org/link/summary/39-5012.00
Barbershop Owner 39-1021.00 www.onetonline.org/link/summary/39-1021.00
Barber Instructor 25-1194.00 www.onetonline.org/link/summary/25-1194.00
Manicurist 39-5094.00 www.onetonline.org/link/summary/39-5092.00

PROGRAM COST

Class A Barber – Tuition and Fees
Cost
Tuition $15,755.00
Kit Cost $1,992.34
Application Fee (State of Texas) $35.00
Student Registration (Non Refundable Deposit) $250.00
Total $18,032.34
Cosmetology Operator to Class A Barber
Cost
Cosmetology Operator to Class A Tuition $2,155.00
Kit Cost $1092.72
Application Fee (State of Texas) $35.00
Student Registration (Non Refundable Deposit) $250.00
Total $3,532.72
Barber Instructor (750 Hour) – Tuition and Fees
Cost
Barber Instructor Course $10,555.00
Kit Cost $405.89
Application Fee (State of Texas) $35.00
Student Registration (Non Refundable Deposit) $250.00
Total $11,245.89
Manicurist License – Tuition and Fees
Cost
Manicure License Course $1,980.00
Kit Cost $495.00
Application Fee (State of Texas) $35.00
Student Registration (Non Refundable Deposit) $100.00
Total $2,610.00

TEXTBOOKS

The textbooks utilized as a means to administer the curriculum (as approved by TDLR) to the Student’s for the courses offered at Alamo City Barber College are included in the toolkit offered to each student enrolled in our barber programs. Depending on the program enrolled, the textbooks included in the toolkit are as follows:

  • Milady’s Standard Professional Barbering, 5th Edition – ISBN-10: 1-4354-9715-5| ISBN -13: 978-1-4018-7395-0
  • Milady’s Standard Professional Barbering, Student Workbook – ISBN-10: 1-4354-9713-9| ISBN-13: 978-1-4354-9713-9
  • Milady’s Standard Professional Barbering, Exam Review – ISBN-10:1-4354-9712-0| ISBN-13: 978-1-4354-9712-2
  • Milady’s Master Educator, Student Workbook 2nd Edition – ISBN-10:1-1428321519
  • Milady’s Master Educator, Exam Review, 2nd Edition – ISBN-10:1-4283-2154
  • Milady’s Standard Nail Technology 6th Edition – ISBN-10:1-4354-9768-6
  • Milady’s Standard Nail Technology, Student Workbook – ISBN-10: 1-4354-9763-3
  • Milady’s Standard Nail Technology, Exam Review – ISBN-10: 1-4354-9763-5

ON-TIME GRADUATION RATE

Alamo City Barber College graduation rates for January 1, 2015 through December 31, 2015 are as follows for the following Programs:

Class A Barber Program 68%
Cosmetology Operator To Class A Barber Program 89%
Barber Instructor 100%

Alamo City Barber College placement rates for January 1, 2012 through December 31, 2012 are as follows for the following programs:

Class A Barber Program 91%
Cosmetology Operator To Class A Barber Program 100%
Barber Instructor 100%

Alamo City Barber College licensure rates for January 1, 2012 through December 31, 2012 are as follows for the following programs:

Class A Barber Program 90%
Cosmetology Operator To Class A Barber Program 100%
Barber Instructor 100%

There were no students enrolled in the Barber Instructor 500 Hour Program during the year ended 2012.

The numbers presented were reported to our Accrediting Body, The Council On Occupational Education as of December 31, 2012.

MEDIAN LOAN DEBT

Alamo City Barber College did not participate in any Financial Aid Programs during the most recent award year. As a result, there were no students whom attended and subsequently paid with a related loan.

ACCREDITING AGENCY

Council on Occupational Education
41 Perimeter Center East NE Suite 640
Atlanta, Georgia 30346
Phone – 770-396-3898

REGULATORY AGENCY

Texas Department of Licensing and Regulation
P.O. Box 12157
Austin, Texas 78711
Phone – 800-803-9202

Class A Barber Program, Gainful Employment Disclosure

Students graduating on time
55% of Title IV students complete the program within 11 months1

*Fewer than 10 students enrolled in this program. This number has been withheld to preserve the confidentiality of the students.

Program Costs*
$15,755 for in-state tuition and fees
$XX for out-of-state tuition and fees
$1,992 for books and supplies
$12,586 for off-campus room and board
$XX for on-campus room and board
Other Costs:

No other costs provided.

Visit website for more program cost information: onetonline.org/link/summary/39-5011.00
*The amounts shown above include costs for the entire program, assuming normal time to completion.
Note that this information is subject to change.

Students Borrowing Money
10% of students who attend this program borrow money to pay for it2

*Fewer than 10 students enrolled in this program. This number has been withheld to preserve the confidentiality of the students.
The typical graduate leaves with
$12,022 in debt3

*Fewer than 10 students completed this program within normal time. This number has been withheld to preserve the confidentiality of the students.
The typical monthly loan payment
$125 per month in student loans with 4.66% interest rate4.

*Fewer than 10 students completed this program within normal time. This number has been withheld to preserve the confidentiality of the students.
The typical graduate earns
not provided per year after leaving this program5
*This institution has appealed the earnings data for this program.

Graduates who got jobs
N/A* of program graduates got jobs according to the state job placement rate7
*Program does not have enough completers to calculate a placement rate as required.
91% of program graduates got jobs according to the accreditor job placement rate8
*Program does not have enough completers to calculate a placement rate as required.
N/A* of program graduates got jobs
*We are not currently required to calculate a job placement rate for program completers.
Program graduates are employed in the following fields:

Licensure Requirements6
This program meets licensure requirements in
Texas
This program does not meet licensure requirements in
StateD, StateE
There are no licensure requirements for this profession in:
StateF,StateG,StateH
*State requires students to sit for licensure exam

*Program has no licensure requirements in any state.

Additional Information:

No additional notes provided.

Date Created: 6/30/2017
These disclosures are required by the U.S. Department of Education

Footnotes:
  1. The share of students who completed the program within 100% of normal time (11 months).
  2. The share of students who borrowed Federal, private, and/or institutional loans to help pay for college.
  3. The median debt of borrowers who completed this program. This debt includes federal, private, and institutional loans.
  4. The median monthly loan payment for students who completed this program if it were repaid over ten years at a 4.66% interest rate.
  5. The median earnings of program graduates who received Federal aid.
  6. Some States require students to graduate from a state approved program in order to obtain a license to practice a profession in those States.
  7. State Job Placement Rate: N/A
  8. Accreditor Job Placement Rate:

    Name of the accrediting agency this placement rate is calculated for:
    COE