by our College Data Analytics TeamA lot of students will not be asked to pay 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 Gary Manuel Aveda Institute can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can GMAI provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn 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 Gary Manuel Aveda Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Gary Manuel Aveda Institute, 100% of first-year full-time students received aid of some kind (about 34 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $5,812 |
| Institutional grants & scholarships | 3% | $23,950 |
| Federal Pell grants | 44% | $4,603 |
| State/local grants | 0% | — |
| Federal student loans | 65% | $6,957 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At GMAI, about 20% of the undergraduate population received grant aid that averaged $6,720 (for some 87 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 20% | $6,720 |
| Federal Pell grants | 18% | $5,033 |
| Federal student loans | 26% | $8,116 |
On-campus students receiving title-IV aid were awarded grants averaging $4,614.
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 | $29,285 |
| $30,001 – $75,000 | $32,413 |
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 | $23,787 |
| Off-campus title-IV students | $30,692 |
For a personalized estimate based on your family’s financial situation, use GMAI’s online cost calculator: avedaarts.edu/student/consumer-disclosures/.
The median student at GMAI graduates with $7,773 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,773 |
| Median federal debt (graduates only) | $7,773 |
| Typical 10-year monthly payment (graduates) | $82.41/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at GMAI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,584 |
| 25th percentile | $5,500 |
| 75th percentile | $13,973 |
| 90th percentile (highest-debt students) | $17,667 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,773 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,692 |
| Independent students | $7,773 |
These indicators are derived from the underlying debt data and summarize the overall picture at GMAI.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at GMAI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1368 |
| Total Stafford loan amount | $14,052,333 |
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 | 3 |
| Total GI Bill amount | $53,350 |
| Average GI Bill amount per recipient | $17,783 |
References
More about our data sources and methodologies.