Financial Aid

Investing in Your Future Made Affordable

Investing in your future doesn’t have to be costly. Our flexible payment plans, scholarships, and financial aid options make quality education accessible to everyone. We’re committed to helping you achieve your goals without financial stress, ensuring you can focus on learning, growing, and building a successful career.

General Requirements for Student Eligibility

Financial Aid is available to eligible students and awarded based on need, determined through FAFSA by evaluating income, assets, and benefits.

Students applying for federal and state financial aid programs must:

Have a financial need.
Be a citizen or an eligible non-citizen.
Be enrolled in an eligible program of study.
Not be in default on any National Direct Student Loan, Guarantee Student Loan or owe a refund on any Title IV Grants at any institutions previously attended.
Must be registered with selective service if a male student.
Have a valid High School Diploma/GED if qualify under the Career Pathway (ATB) results with a passing score.

Start Your Application Now

Financial Aid is available to eligible students and awarded based on need, determined through FAFSA by evaluating income, assets, and benefits.

What is an FSA ID?

An FSA ID is comprised of a username and password that you create. Your FSA ID allows you to access your federal student aid information online and is used to log in to many U.S. Department of Education (ED) websites, including FAFSA on the Web, NSLDS Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. Your FSA ID must be kept secure and never shared with anyone.

All students interested to submit a Free FAFSA online application must have a FSA ID created

Create ID

Follow these Steps to Start the Process Electronically

Click on the link above to create an FSA ID

Create a username and password and enter an e-mail address

Enter your name, date of birth, Social Security number, contact information, and challenge question and answer

If you have a Federal Student Aid PIN, you will be able to enter it and link it to your FSA ID. You can still create an FSA ID if you have forgotten or do not have a PIN

Review your information and read and accept the terms and conditions

Confirm your e-mail address using the secure code, which will be sent to the e-mail address you entered when you created your FSA ID. Once you verify your e-mail address, you can use it instead of your username to log in to the websites

Note: You can use your FSA ID to sign a FASFA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your PIN to your FSA ID, you will be able to use your FSA ID to access the website listed above. For help regarding this, visit: StudentAid.gov/fsaid

The FAFSA is available in paper or online formats. You can get the paper version by calling 1-800-4-FED-AID. Students are encouraged to apply at www.fafsa.ed.gov and must include the school’s name and code for the institution to receive the application.

Urban Barber College
School code: 042700

After completing the application, it is sent to the Department of Education FAFSA Processor, then to the Central Processing System (CPS) to calculate the Expected Family Contribution (EFC) and verify data with databases such as Social Security, Selective Service, and Veteran’s Affairs. Once processed, you will receive a Student Aid Report (SAR) in about 4–6 weeks for paper applications or 1–5 days for online submissions. The institution will also receive an Institutional Student Information Record (ISIR) in the same timeframe, which FBA will review.

Federal Pell Grant

A Federal Pell Grant is a free grant that does not have to be repaid. The student must complete the FAFSA in order to determine eligibility for the Federal Pell Grant. If the student is eligible for a Pell Grant, the award amount eligibility ranges from a minimum of $652 to maximum of $6,345 for the 2020-2021 award year.

William D. Ford Federal Direct Loan Program

Student loans, unlike grants, are borrowed funds that must be repaid with interest. Loans made through this program are referred to as Direct Loans. Eligible Students and parents borrow directly from the U.S. Department of Education. There are three types of loans in the program:

Subsidized Stafford Loan –The U.S. Department of Education pays the interest while you’re in school at least half-time and during the grace period. The amount of the loan cannot exceed a Student’s financial need or the annual loan limit. The fixed interest rate for 2025-2026 is 6.39%.

Unsubsidized Stafford Loan –The U.S. Department of Education does not pay interest on unsubsidized loans. The Student is responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full. The fixed interest rate for 2025-2026 of 6.39% can be paid while attending school, during a period of deferment or forbearance, or it can be accrued and the interest added to the principle amount of the loan.

PLUS Loans – Parents of dependent Students can borrow from the PLUS Loan program. The terms and conditions of this type of loan include a requirement that the applicant have a favorable credit history, a repayment period that begins on the date of the last disbursement of the loan, and a fixed interest rate for 2025-2026 of 8.94%.

Military Friendly Institution

We appreciate your service to our country and our staff is looking forward to assisting military personnel. We are an approved institution to provide veterans educational benefits. For additional information please visit the links bellow.

VA Educational Assistance

//explore.va.gov/education-training

http://www.va.gov/

http://www.gibill.va.gov/vaforms

//www.ebenefits.va.gov/

Urban Barber College IS APPROVED UNDER THE FOLLOWING STATE AGENCIES

Department of Education, Vocational Rehabilitation Services, if you qualify, you can submit an application directly with your assigned Vocational Rehabilitation counselor.

Veterans are admitted on the same basis as other applicants. Students seeking veteran educational benefits must contact the Veterans Administration (VA) Certifying Official and/or Financial Aid Representative at the school.

Below is a list of eligible programs offered by the school:

Chapter 30 (Montgomery GI Bill®)
Chapter 31 (Vocational Rehabilitation and Employment – VR&E)
Chapter 33 (Post 9/11 GI Bill®)
Chapter 35 (Survivors and Dependents Educational Assistance Program – DEA)
Chapter 1606 (Montgomery GI Bill® Selected Reserve)
Chapter 1607 (Reserve Educational Assistance Program – REAP)

US Department of Veterans Affairs

For a list of required documents for students to apply for VA benefits at Urban Barber College, please contact your Financial Aid representative and/or VA Certifying official at the campus

Veterans Approved Educational Benefits (GI Bill®)

//vip.vba.va.gov/portal/VBAH/Home

Link to schools

Integrated Postsecondary Education Data System (IPEDS)

The Integrated Postsecondary Education Data System (IPEDS) is a system of interrelated surveys conducted annually by the National Center for Education Statistics (NCES), a part of the Institute for Education Sciences within the United States Department of Education.

For the latest statistics on FBA

Click Here

Financial Resources

Navigating your education finances is easier with the right resources. Below are trusted tools and platforms that help you explore financial aid options, apply for federal assistance, manage student loans, and make informed decisions about your educational funding.