by our College Data Analytics TeamThe majority 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 Benjamin Franklin Cummings Institute of Technology can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can BFIT deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Benjamin Franklin Cummings Institute of Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Benjamin Franklin Cummings Institute of Technology, 85% of first-time, full-time freshmen received some form of financial aid approximately 130 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $15,180 |
| Institutional grants & scholarships | 85% | $9,437 |
| Federal Pell grants | 61% | $5,383 |
| State/local grants | 52% | $2,758 |
| Federal student loans | 46% | $5,412 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 63% of undergraduates were awarded grant or scholarship aid averaging $13,366 (covering around 373 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $13,366 |
| Federal Pell grants | 40% | $5,014 |
| Federal student loans | 37% | $5,730 |
For on-campus title-IV students, average grant aid came to $14,918.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,166 |
| $30,001 – $75,000 | $15,784 |
| Over $75,000 | $21,531 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,488 |
| Off-campus title-IV students | $16,172 |
To project your own net price, use BFIT’s NPC: npc.collegeboard.org/app/bfit.
The middle student in the debt distribution at BFIT owes $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at BFIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $14,000 |
| 90th percentile (highest-debt students) | $20,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,500 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,865 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,124 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for BFIT.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at BFIT:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3580 |
| Total Stafford loan amount | $37,694,588 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $84,048 |
| Average GI Bill amount per recipient | $14,008 |
References
More about our data sources and methodologies.