by our College Data Analytics TeamThe majority of students are not billed 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 total price of attendance at IYRS School of Technology & Trades can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does IYRS offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from IYRS School of Technology & Trades.
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.
For incoming first-year students at IYRS School of Technology & Trades, 68% of first-year full-time students received aid of some kind approximately 17 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $4,734 |
| Institutional grants & scholarships | 68% | $2,814 |
| Federal Pell grants | 24% | $5,441 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $5,483 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At IYRS, approximately 48% of the undergraduate population received grant aid that averaged $4,908 (across roughly 53 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,908 |
| Federal Pell grants | 16% | $4,749 |
| Federal student loans | 45% | $6,680 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $13,584.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,755 |
| $30,001 – $75,000 | $19,120 |
| Over $75,000 | $28,798 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,525 |
| Off-campus title-IV students | $18,436 |
To project your own net price, use IYRS’s NPC: www.iyrs.edu/admissions/financial-aid/net-price-calculator.
The median student at IYRS graduates with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| 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.
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 IYRS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $12,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $6,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for IYRS.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at IYRS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 290 |
| Total Stafford loan amount | $2,584,066 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $234,015 |
| Average GI Bill amount per recipient | $26,002 |
References
More about our data sources and methodologies.