by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at East Valley Institute of Technology can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can EVIT deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from East Valley Institute of Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At East Valley Institute of Technology, 39% of the incoming full-time class was awarded financial aid around 27 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $3,952 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 39% | $3,742 |
| State/local grants | 4% | $1,095 |
| Federal student loans | 4% | $3,669 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at EVIT, around 22% of the undergraduate population received grant aid that averaged $5,634 (for some 105 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 22% | $5,634 |
| Federal Pell grants | 22% | $4,713 |
| Federal student loans | 4% | $4,758 |
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,713 |
| $30,001 – $75,000 | $18,103 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at EVIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,411 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. EVIT.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at EVIT:
| Metric | Value |
|---|---|
| Stafford loan recipients | 118 |
| Total Stafford loan amount | $842,690 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $33,220 |
| Average GI Bill amount per recipient | $3,322 |
References
More about our data sources and methodologies.