by our College Data Analytics TeamA lot of 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 price tag of going to Elite Welding Academy South Point can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Elite Welding Academy South Point offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Elite Welding Academy South Point.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Elite Welding Academy South Point, 100% of first-year full-time students received aid of some kind roughly 7 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $11,394 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,885 |
| State/local grants | 43% | $11,312 |
| Federal student loans | 71% | $7,104 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Elite Welding Academy South Point, roughly 68% of the undergraduate population received grant aid that averaged $9,771 (across roughly 19 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $9,771 |
| Federal Pell grants | 64% | $6,279 |
| Federal student loans | 43% | $7,835 |
On-campus students receiving title-IV aid were awarded grants averaging $8,894.
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 | $30,807 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $24,642 |
| Off-campus title-IV students | $20,979 |
To project your own net price, use Elite Welding Academy South Point’s net price calculator: eliteweldingacademy.com/calculator/.
The median federal debt load at Elite Welding Academy South Point comes to $5,500 of federal student loans.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Elite Welding Academy South Point.
| 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 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| 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 South Point.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Elite Welding Academy South Point:
| Metric | Value |
|---|---|
| Stafford loan recipients | 492 |
| Total Stafford loan amount | $3,391,925 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $56,400 |
| Average GI Bill amount per recipient | $18,800 |
References
More about our data sources and methodologies.