by our College Data Analytics TeamMany students are not billed 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 ECPI University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will ECPI University offer you, and what will you qualify for? Read on for more information. Keep going to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from ECPI University.
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 ECPI University, 86% of entering full-time freshmen got some type of financial assistance approximately 802 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $7,785 |
| Institutional grants & scholarships | 21% | $3,033 |
| Federal Pell grants | 70% | $7,577 |
| State/local grants | 0% | — |
| Federal student loans | 77% | $9,853 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At ECPI University, some 64% of undergrads got grants or scholarships worth on average $6,614 (across approximately 7298 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,614 |
| Federal Pell grants | 53% | $6,352 |
| Federal student loans | 57% | $10,428 |
For on-campus title-IV students, average grant aid came to $7,090.
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 | $19,353 |
| $30,001 – $75,000 | $20,044 |
| Over $75,000 | $25,030 |
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 | $22,965 |
| Off-campus title-IV students | $20,473 |
For a customized cost estimate, visit ECPI University’s NPC: www.npc.ecpi.edu/.
The median federal debt load at ECPI University comes to $13,915 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,915 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at ECPI University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,041 |
| 25th percentile | $5,500 |
| 75th percentile | $21,000 |
| 90th percentile (highest-debt students) | $31,465 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,798 |
| Middle income | $13,789 |
| High income | $14,166 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,668 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at ECPI University.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at ECPI University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 80690 |
| Total Stafford loan amount | $1,458,132,143 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2107 |
| Total GI Bill amount | $40,137,691 |
| Average GI Bill amount per recipient | $19,050 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 244 |
| Total DoD amount | $1,081,112 |
| Average DoD amount per recipient | $4,431 |
References
More about our data sources and methodologies.