by our College Data Analytics TeamThe majority of 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 price of attendance at EINE Inc can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Electrology Institute of New England provide, and just what are you going to be eligible for? Read on for answers. Read on to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from EINE Inc.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at EINE Inc, 100% of new full-time first-years were awarded at least some aid roughly 4 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,640 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,265 |
| State/local grants | 50% | $750 |
| Federal student loans | 75% | $7,259 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Electrology Institute of New England, around 27% of undergraduate students received gift aid averaging $3,731 (across approximately 21 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 27% | $3,731 |
| Federal Pell grants | 27% | $3,659 |
| Federal student loans | 36% | $4,744 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,217.
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 | $36,029 |
| $30,001 – $75,000 | $36,029 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $22,951 |
| Off-campus title-IV students | $36,029 |
To project your own net price, use Electrology Institute of New England’s official net price calculator: www.electrologyinstitute.com/files/130005858.htm.
The median student at Electrology Institute of New England graduates with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
A handful of calculated indicators summarize the debt outlook at Electrology Institute of New England.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Electrology Institute of New England:
| Metric | Value |
|---|---|
| Stafford loan recipients | 198 |
| Total Stafford loan amount | $1,293,983 |
References
More about our data sources and methodologies.