by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Avenue Five Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Avenue Five Institute offer, and what will you qualify for? Keep reading for more information. Read on to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Avenue Five Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Avenue Five Institute, 75% of entering full-time freshmen got some type of financial assistance around 80 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,639 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 48% | $4,639 |
| State/local grants | 0% | — |
| Federal student loans | 69% | $6,625 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 46% of undergrads got grants or scholarships worth on average $4,557 (across approximately 212 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $4,557 |
| Federal Pell grants | 46% | $4,557 |
| Federal student loans | 57% | $6,409 |
On-campus students receiving title-IV aid were awarded grants averaging $2,894.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,345 |
| $30,001 – $75,000 | $27,923 |
| Over $75,000 | $30,069 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,253 |
| Off-campus title-IV students | $26,507 |
For a customized cost estimate, visit Avenue Five Institute’s official net price calculator: www.avenuefive.edu/calculator/index.html.
Graduating students at Avenue Five Institute carry a median federal student debt of $7,917 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Avenue Five Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,228 |
| 25th percentile | $4,584 |
| 75th percentile | $7,917 |
| 90th percentile (highest-debt students) | $13,172 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $6,989 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,917 |
These indicators are derived from the underlying debt data and summarize the overall picture at Avenue Five Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Avenue Five Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2068 |
| Total Stafford loan amount | $16,985,943 |
References
More about our data sources and methodologies.