by our College Data Analytics TeamA large number 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 sum total of attendance at Elite Welding Academy can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Elite Welding Academy offer you, and what will you qualify for? Keep reading for more information. Keep going to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Elite Welding Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Elite Welding Academy, 74% of first-year full-time students received aid of some kind approximately 31 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,251 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 48% | $4,883 |
| State/local grants | 2% | $7,368 |
| Federal student loans | 48% | $5,980 |
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 Elite Welding Academy, some 41% of the undergraduate population received grant aid that averaged $7,480 (covering around 46 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $7,480 |
| Federal Pell grants | 33% | $5,383 |
| Federal student loans | 35% | $6,669 |
Title-IV recipients living on campus saw average grant aid of $3,644.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,563 |
| $30,001 – $75,000 | $32,839 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $31,701 |
| Off-campus title-IV students | $27,702 |
For a customized cost estimate, visit Elite Welding Academy’s net price calculator: www.eliteweldingacademy.com/calculator/.
Graduating students at Elite Welding Academy carry a median federal student debt of $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,483 |
| Typical 10-year monthly payment (graduates) | $100.54/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. Use the percentiles below to see the debt range at Elite Welding Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,194 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $9,483 |
| Middle income | $9,042 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Elite Welding Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Elite Welding Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 492 |
| Total Stafford loan amount | $3,391,925 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $195,416 |
| Average GI Bill amount per recipient | $17,765 |
References
More about our data sources and methodologies.