by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Indiana Wellness College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Indiana Wellness College offer you, and what will you qualify for? Keep scrolling for more information. Keep going to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Indiana Wellness College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 44% of undergraduate students received gift aid averaging $4,157 (for some 127 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,157 |
| Federal Pell grants | 44% | $4,157 |
| Federal student loans | 53% | $5,378 |
Graduating students at Indiana Wellness College carry a median federal student debt of $7,389 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,389 |
| Median federal debt (graduates only) | $7,661 |
| Typical 10-year monthly payment (graduates) | $81.22/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Indiana Wellness College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,958 |
| 75th percentile | $7,917 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,389 |
| Middle income | $7,389 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,389 |
| Continuing-generation students | $7,389 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
A handful of calculated indicators summarize the debt outlook at Indiana Wellness College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Indiana Wellness College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 413 |
| Total Stafford loan amount | $2,541,920 |
References
More about our data sources and methodologies.