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 cost of going to Fortis College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Fortis College - Mobile provide, and just what are you going to be eligible for? Read on for answers. Scroll down to find out how much school funding will be available 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 Fortis College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Fortis College, 96% of the incoming full-time class was awarded financial aid approximately 183 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $6,694 |
| Institutional grants & scholarships | 40% | $589 |
| Federal Pell grants | 92% | $6,421 |
| State/local grants | 1% | $500 |
| Federal student loans | 87% | $6,890 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 84% of undergraduate students received gift aid averaging $6,342 (covering around 403 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $6,342 |
| Federal Pell grants | 83% | $6,129 |
| Federal student loans | 70% | $6,953 |
On-campus students receiving title-IV aid were awarded grants averaging $6,636.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,936 |
| $30,001 – $75,000 | $20,606 |
| Over $75,000 | $27,451 |
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 | $19,074 |
| Off-campus title-IV students | $21,159 |
For an estimate tailored to your family circumstances, see Fortis College - Mobile’s online cost calculator: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_mobile.htm.
The median student at Fortis College - Mobile graduates with $9,122 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,122 |
| 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.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Fortis College - Mobile.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $12,012 |
| 90th percentile (highest-debt students) | $17,365 |
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 | $9,109 |
| Middle income | $9,500 |
| High income | $7,667 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,041 |
| Continuing-generation students | $9,274 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Fortis College - Mobile.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Fortis College - Mobile:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15034 |
| Total Stafford loan amount | $146,613,748 |
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 | 12 |
| Total GI Bill amount | $132,257 |
| Average GI Bill amount per recipient | $11,021 |
References
More about our data sources and methodologies.