A T5 is a manual transmission made for Ford vehicles by Borg-Werner. It was used in a variety of vehicles, but most enthusiasts seek the V-8 version, used in Mustangs (and a few T-Birds) from the early 80s to mid-90s.
For clutch pricing, it depends on who does it, I suggest estimating about 3-5 hours of labor. Maybe ~$125 for parts? Not sure on parts prices...