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 cost of going to Mandalyn Academy can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Mandalyn Academy offer you, and what will you qualify for? Read on for more information. Keep reading to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Mandalyn Academy.
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.
Looking at the entering class at Mandalyn Academy, 46% of first-year full-time students received aid of some kind roughly 11 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,563 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 38% | $4,119 |
| State/local grants | 4% | $4,000 |
| Federal student loans | 29% | $4,453 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Mandalyn Academy, about 43% of undergraduates were awarded grant or scholarship aid averaging $4,445 (among about 49 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $4,445 |
| Federal Pell grants | 36% | $4,568 |
| Federal student loans | 33% | $5,147 |
For on-campus title-IV students, average grant aid came to $4,107.
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 | $20,483 |
| $30,001 – $75,000 | $23,882 |
| Over $75,000 | $25,655 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $13,945 |
| Off-campus title-IV students | $12,894 |
For a customized cost estimate, visit Mandalyn Academy’s net price tool: mandalynacademy.com/net-price-calculator/.
The median student at Mandalyn Academy graduates with $6,333 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Mandalyn Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,086 |
| 75th percentile | $11,765 |
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 | $6,333 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,087 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Mandalyn Academy.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Mandalyn Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 377 |
| Total Stafford loan amount | $2,999,478 |
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.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $15,526 |
| Average GI Bill amount per recipient | $5,175 |
References
More about our data sources and methodologies.