by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to First Institute of Travel, Inc can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will First Institute of Travel, Inc. provide, and just what are you going to be eligible for? Read on for answers. Read on to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from First Institute of Travel, Inc.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At First Institute of Travel, Inc, 93% of new full-time first-years were awarded at least some aid (about 154 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,884 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 85% | $4,406 |
| State/local grants | 5% | $7,979 |
| Federal student loans | 73% | $5,837 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At First Institute of Travel, Inc., roughly 58% of the undergraduate population received grant aid that averaged $4,417 (across roughly 251 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $4,417 |
| Federal Pell grants | 58% | $4,002 |
| Federal student loans | 56% | $4,954 |
For on-campus title-IV students, average grant aid came to $4,417.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,922 |
| $30,001 – $75,000 | $20,774 |
| Over $75,000 | $24,331 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $20,528 |
| Off-campus title-IV students | $20,410 |
For a customized cost estimate, visit First Institute of Travel, Inc.’s official net price calculator: www.firstinstitute.edu/npc/general/npcalc.htm.
A typical borrower at First Institute of Travel, Inc. leaves with $8,360 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,360 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
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 First Institute of Travel, Inc..
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,914 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,360 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at First Institute of Travel, Inc..
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at First Institute of Travel, Inc.:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2048 |
| Total Stafford loan amount | $14,343,670 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $33,850 |
| Average GI Bill amount per recipient | $16,925 |
References
More about our data sources and methodologies.