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 price tag of going to Commonwealth Institute of Funeral Service can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Commonwealth Institute of Funeral Service deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Commonwealth Institute of Funeral Service.
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.
At Commonwealth Institute of Funeral Service, 33% of the incoming full-time class was awarded financial aid around 48 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 26% | $1,512 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 26% | $1,512 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 41% of the undergraduate population received grant aid that averaged $1,587 (among about 155 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $1,587 |
| Federal Pell grants | 41% | $1,587 |
| Federal student loans | 51% | $2,289 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $1,197.
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 | $42,938 |
| $30,001 – $75,000 | $43,890 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $44,047 |
| Off-campus title-IV students | $42,938 |
To project your own net price, use Commonwealth Institute of Funeral Service’s net price calculator: commonwealth.edu/financial-aid-net-price-calculator/.
The median student at Commonwealth Institute of Funeral Service graduates with $7,125 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,125 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Commonwealth Institute of Funeral Service.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,427 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,125 |
| Middle income | $9,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,125 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Commonwealth Institute of Funeral Service.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Commonwealth Institute of Funeral Service:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1835 |
| Total Stafford loan amount | $14,073,945 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $123,063 |
| Average GI Bill amount per recipient | $6,477 |
References
More about our data sources and methodologies.