by our College Data Analytics TeamA lot of students will not be asked to pay 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 total cost of going to Aviation Institute of Maintenance-Chicago can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will Aviation Institute of Maintenance-Chicago offer you, and what will you qualify for? Read on for more information. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Aviation Institute of Maintenance-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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Aviation Institute of Maintenance-Chicago, 100% of the incoming full-time class was awarded financial aid roughly 42 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $5,528 |
| Institutional grants & scholarships | 2% | $1,715 |
| Federal Pell grants | 86% | $5,490 |
| State/local grants | 0% | — |
| Federal student loans | 98% | $7,780 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Aviation Institute of Maintenance-Chicago, roughly 63% of undergrads got grants or scholarships worth on average $7,052 (for some 139 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $7,052 |
| Federal Pell grants | 36% | $4,873 |
| Federal student loans | 29% | $7,680 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,870.
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 | $24,432 |
| $30,001 – $75,000 | $24,264 |
| Over $75,000 | $29,113 |
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 | $27,347 |
| Off-campus title-IV students | $24,862 |
To project your own net price, use Aviation Institute of Maintenance-Chicago’s net price calculator: aviationmaintenance.edu/your-rights/.
A typical borrower at Aviation Institute of Maintenance-Chicago leaves with $24,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $24,250 |
| Median federal debt (graduates only) | $31,301 |
| Typical 10-year monthly payment (graduates) | $331.84/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Aviation Institute of Maintenance-Chicago.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,321 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $21,313 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $28,498 |
| Middle income | $19,540 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,731 |
| Continuing-generation students | $22,981 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $32,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Aviation Institute of Maintenance-Chicago.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Aviation Institute of Maintenance-Chicago:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1684 |
| Total Stafford loan amount | $33,376,526 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $97,521 |
| Average GI Bill amount per recipient | $24,380 |
References
More about our data sources and methodologies.