by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Elaine Sterling Institute can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will Elaine Sterling Institute deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Elaine Sterling Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Elaine Sterling Institute, 77% of first-year full-time students received aid of some kind around 446 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $4,568 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 69% | $4,568 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $5,265 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Elaine Sterling Institute, about 66% of undergraduates were awarded an average grant or scholarship of $4,993 (across approximately 742 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,993 |
| Federal Pell grants | 64% | $4,290 |
| Federal student loans | 70% | $5,016 |
For on-campus title-IV students, average grant aid came to $4,456.
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 | $23,031 |
| $30,001 – $75,000 | $24,085 |
| Over $75,000 | $25,919 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $30,314 |
| Off-campus title-IV students | $22,102 |
To get a personalized net price estimate, try Elaine Sterling Institute’s net price tool: www.elainesterling.com/net-price-calculator/.
The median student at Elaine Sterling Institute graduates with $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Elaine Sterling Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $10,667 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,331 |
| High income | $5,861 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,178 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Elaine Sterling Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Elaine Sterling Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1886 |
| Total Stafford loan amount | $14,370,109 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 50 |
| Total GI Bill amount | $624,425 |
| Average GI Bill amount per recipient | $12,489 |
References
More about our data sources and methodologies.