by our College Data Analytics TeamMany students will never be charged 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 cost of going to Aviation Institute of Maintenance-Indianapolis can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Aviation Institute of Maintenance - Indianapolis provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Aviation Institute of Maintenance-Indianapolis.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Aviation Institute of Maintenance-Indianapolis, 83% of entering full-time freshmen got some type of financial assistance some 20 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,581 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 58% | $5,370 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $8,118 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Aviation Institute of Maintenance - Indianapolis, approximately 33% of the undergraduate population received grant aid that averaged $4,499 (for some 52 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $4,499 |
| Federal Pell grants | 33% | $4,356 |
| Federal student loans | 27% | $8,146 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,907.
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 | $30,718 |
| $30,001 – $75,000 | $30,445 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $29,513 |
| Off-campus title-IV students | $30,293 |
For a personalized estimate based on your family’s financial situation, use Aviation Institute of Maintenance - Indianapolis’s NPC: aviationmaintenance.edu/your-rights.
The median student at Aviation Institute of Maintenance - Indianapolis graduates with $12,663 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,663 |
| Median federal debt (graduates only) | $29,773 |
| Typical 10-year monthly payment (graduates) | $315.64/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 percentiles below describe the cumulative federal debt distribution for borrowers at Aviation Institute of Maintenance - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,250 |
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 | $16,107 |
| High income | $17,103 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,732 |
| Continuing-generation students | $10,470 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,989 |
| Independent students | $10,875 |
The figure below distills the debt data into a single burden category for Aviation Institute of Maintenance - Indianapolis.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Aviation Institute of Maintenance - Indianapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2370 |
| Total Stafford loan amount | $44,007,573 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 26 |
| Total GI Bill amount | $333,671 |
| Average GI Bill amount per recipient | $12,834 |
References
More about our data sources and methodologies.