by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Institute of Culinary Education can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Institute of Culinary Education offer, and what will you qualify for? Keep reading for more information. Scroll down to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Institute of Culinary Education.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Institute of Culinary Education, approximately 24% of undergraduates were awarded grant or scholarship aid averaging $3,433 (among about 255 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 24% | $3,433 |
| Federal Pell grants | 24% | $3,023 |
| Federal student loans | 38% | $3,907 |
Graduating students at Institute of Culinary Education carry a median federal student debt of $3,972 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,972 |
| Median federal debt (graduates only) | $6,439 |
| Typical 10-year monthly payment (graduates) | $68.26/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Institute of Culinary Education.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,728 |
| 25th percentile | $3,972 |
| 75th percentile | $6,861 |
| 90th percentile (highest-debt students) | $6,861 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,439 |
| Middle income | $3,972 |
| High income | $3,924 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,426 |
| Continuing-generation students | $3,972 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,915 |
| Independent students | $6,671 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Institute of Culinary Education.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Institute of Culinary Education:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2784 |
| Total Stafford loan amount | $13,157,097 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 43 |
| Total GI Bill amount | $730,000 |
| Average GI Bill amount per recipient | $16,977 |
References
More about our data sources and methodologies.