by our College Data Analytics TeamA lot 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 total price of attendance at The Chicago School at Chicago can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will The Chicago School Chicago Campus deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at The Chicago School at Chicago.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At The Chicago School Chicago Campus, some 55% of undergraduates were awarded an average grant or scholarship of $6,964 (covering around 17 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $6,964 |
| Federal Pell grants | 55% | $6,485 |
| Federal student loans | 71% | $12,338 |
A typical borrower at The Chicago School Chicago Campus leaves with $10,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,250 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at The Chicago School Chicago Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,166 |
| 25th percentile | $1,949 |
| 75th percentile | $7,593 |
| 90th percentile (highest-debt students) | $24,136 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,500 |
| High income | $11,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $10,938 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. The Chicago School Chicago Campus.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at The Chicago School Chicago Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25080 |
| Total Stafford loan amount | $1,469,420,063 |
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 | 8 |
| Total GI Bill amount | $110,699 |
| Average GI Bill amount per recipient | $13,837 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.