by our College Data Analytics TeamMany students will not be asked to pay 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 cost of going to Embry-Riddle Aeronautical University-Daytona Beach can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Embry-Riddle Daytona Beach deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Embry-Riddle Aeronautical University-Daytona Beach.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Embry-Riddle Aeronautical University-Daytona Beach, 98% of the incoming full-time class was awarded financial aid (about 1882 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $21,688 |
| Institutional grants & scholarships | 97% | $18,589 |
| Federal Pell grants | 20% | $5,822 |
| State/local grants | 26% | $6,751 |
| Federal student loans | 47% | $5,286 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, approximately 66% of the undergraduate population received grant aid that averaged $22,715 (across approximately 6816 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $22,715 |
| Federal Pell grants | 15% | $5,670 |
| Federal student loans | 29% | $6,339 |
For on-campus title-IV students, average grant aid came to $23,360.
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 | $34,892 |
| $30,001 – $75,000 | $37,058 |
| Over $75,000 | $42,856 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $41,272 |
| Off-campus title-IV students | $40,302 |
For an estimate tailored to your family circumstances, see Embry-Riddle Daytona Beach’s net price calculator: daytonabeach.erau.edu/financial-aid/net-price-calculator.
The median student at Embry-Riddle Daytona Beach graduates with $14,250 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,250 |
| Median federal debt (graduates only) | $23,666 |
| Typical 10-year monthly payment (graduates) | $250.9/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 Embry-Riddle Daytona Beach.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,625 |
| 25th percentile | $5,250 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $37,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $13,000 |
| High income | $14,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Embry-Riddle Daytona Beach.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Embry-Riddle Daytona Beach:
| Metric | Value |
|---|---|
| Stafford loan recipients | 36308 |
| Total Stafford loan amount | $800,164,137 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 551 |
| Total GI Bill amount | $17,482,398 |
| Average GI Bill amount per recipient | $31,728 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $11,750 |
| Average DoD amount per recipient | $2,350 |
References
More about our data sources and methodologies.