by our College Data Analytics TeamA lot of students will never be charged 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 total cost of going to Florida Institute of Recording Sound and Technology can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will F.I.R.S.T. Institute offer, and what will you qualify for? Read on for more information. Read on to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Florida Institute of Recording Sound and Technology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 54% of undergraduates were awarded grant or scholarship aid averaging $7,137 (among about 504 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $7,137 |
| Federal Pell grants | 45% | $7,222 |
| Federal student loans | 53% | $8,040 |
Graduating students at F.I.R.S.T. Institute carry a median federal student debt of $7,853 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,853 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at F.I.R.S.T. Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,139 |
| 25th percentile | $3,694 |
| 75th percentile | $7,853 |
| 90th percentile (highest-debt students) | $7,853 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,735 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,853 |
| Continuing-generation students | $7,039 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. F.I.R.S.T. Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at F.I.R.S.T. Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1708 |
| Total Stafford loan amount | $10,388,708 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 29 |
| Total GI Bill amount | $368,803 |
| Average GI Bill amount per recipient | $12,717 |
References
More about our data sources and methodologies.