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 sum total of attendance at Aveda Institute - Chicago can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Aveda Institute - Chicago offer, and what will you qualify for? Read on for more information. Keep reading to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Aveda Institute - Chicago.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Aveda Institute - Chicago, 92% of new full-time first-years were awarded at least some aid around 11 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $4,818 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $4,818 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $8,361 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Aveda Institute - Chicago, about 39% of undergraduates were awarded grant or scholarship aid averaging $5,578 (among about 72 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $5,578 |
| Federal Pell grants | 39% | $5,320 |
| Federal student loans | 45% | $7,971 |
Title-IV recipients living on campus saw average grant aid of $2,934.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $32,749 |
| $30,001 – $75,000 | $33,296 |
| Over $75,000 | $37,149 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,008 |
| Off-campus title-IV students | $32,687 |
For a customized cost estimate, visit Aveda Institute - Chicago’s net price tool: www.ibw.edu/admissions/financial-aid/.
The median federal debt load at Aveda Institute - Chicago comes to $7,917 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Aveda Institute - Chicago.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,584 |
| 25th percentile | $5,500 |
| 75th percentile | $13,833 |
| 90th percentile (highest-debt students) | $16,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $9,833 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,917 |
| Independent students | $7,917 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Aveda Institute - Chicago.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Aveda Institute - Chicago:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1155 |
| Total Stafford loan amount | $10,839,355 |
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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $18,275 |
| Average GI Bill amount per recipient | $18,275 |
References
More about our data sources and methodologies.