by our College Data Analytics TeamMost students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Teterboro School of Aeronautics can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Teterboro School of Aeronautics offer you, and what will you qualify for? Read on for more information. Keep going to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Teterboro School of Aeronautics.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Teterboro School of Aeronautics, 94% of first-time, full-time freshmen received some form of financial aid some 84 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,334 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 69% | $6,146 |
| State/local grants | 0% | — |
| Federal student loans | 89% | $6,669 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Teterboro School of Aeronautics, roughly 31% of undergraduates were awarded an average grant or scholarship of $5,346 (across approximately 155 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $5,346 |
| Federal Pell grants | 31% | $5,202 |
| Federal student loans | 27% | $7,211 |
Title-IV recipients living on campus saw average grant aid of $4,600.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,686 |
| $30,001 – $75,000 | $22,191 |
| Over $75,000 | $25,466 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,800 |
| Off-campus title-IV students | $22,592 |
To project your own net price, use Teterboro School of Aeronautics’s net price tool: aviationmaintenance.edu/your-rights.
The middle student in the debt distribution at Teterboro School of Aeronautics owes $12,827 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,827 |
| Median federal debt (graduates only) | $14,279 |
| Typical 10-year monthly payment (graduates) | $151.38/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Teterboro School of Aeronautics.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $6,531 |
| 75th percentile | $14,219 |
| 90th percentile (highest-debt students) | $19,744 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $15,098 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,065 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $20,000 |
The figure below distills the debt data into a single burden category for Teterboro School of Aeronautics.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Teterboro School of Aeronautics:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1691 |
| Total Stafford loan amount | $20,484,201 |
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 | 11 |
| Total GI Bill amount | $162,079 |
| Average GI Bill amount per recipient | $14,734 |
References
More about our data sources and methodologies.