by our College Data Analytics TeamMany students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Renaissance Academie can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Renaissance Academie offer you, and what will you qualify for? Keep reading for more information. Scroll down to find out 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. Use the information below to understand how much financial assistance you may get from Renaissance Academie.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Renaissance Academie, 60% of the incoming full-time class was awarded financial aid approximately 42 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $4,877 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 40% | $4,877 |
| State/local grants | 0% | — |
| Federal student loans | 30% | $6,516 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Renaissance Academie, around 22% of the undergraduate population received grant aid that averaged $5,155 (among about 70 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 22% | $5,155 |
| Federal Pell grants | 20% | $4,935 |
| Federal student loans | 19% | $5,477 |
For on-campus title-IV students, average grant aid came to $4,877.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,345 |
| $30,001 – $75,000 | $21,540 |
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 | $21,901 |
| Off-campus title-IV students | $24,345 |
For a customized cost estimate, visit Renaissance Academie’s official net price calculator: www.race.edu/net-price-calculator/.
Graduating students at Renaissance Academie carry a median federal student debt of $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,167 |
| Typical 10-year monthly payment (graduates) | $65.38/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Renaissance Academie.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $14,166 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,283 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $4,292 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,083 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Renaissance Academie.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Renaissance Academie:
| Metric | Value |
|---|---|
| Stafford loan recipients | 449 |
| Total Stafford loan amount | $4,252,078 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.