by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Chancellor Institute can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Chancellor Institute provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will 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 Chancellor Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Chancellor Institute, 100% of the incoming full-time class was awarded financial aid (about 66 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $3,718 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 77% | $3,718 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $4,623 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Chancellor Institute, around 54% of undergrads got grants or scholarships worth on average $4,536 (for some 83 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,536 |
| Federal Pell grants | 54% | $4,536 |
| Federal student loans | 62% | $6,202 |
On-campus students receiving title-IV aid were awarded grants averaging $2,873.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $34,395 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $37,887 |
| Off-campus title-IV students | $30,371 |
For an estimate tailored to your family circumstances, see Chancellor Institute’s NPC: nces.ed.gov/ipeds/netpricecalculator/#/.
A handful of calculated indicators summarize the debt outlook at Chancellor Institute.
References
More about our data sources and methodologies.