by our College Data Analytics TeamMost 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 total price of attendance at Embry-Riddle Aeronautical University-Prescott can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Embry-Riddle Prescott offer you, and what will you qualify for? Keep scrolling for more information. Read on to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Embry-Riddle Aeronautical University-Prescott.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Embry-Riddle Aeronautical University-Prescott, 97% of new full-time first-years were awarded at least some aid (about 797 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $21,054 |
| Institutional grants & scholarships | 95% | $19,883 |
| Federal Pell grants | 20% | $5,431 |
| State/local grants | 0% | — |
| Federal student loans | 46% | $5,236 |
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 this school, some 90% of the undergraduate population received grant aid that averaged $20,451 (for some 2914 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $20,451 |
| Federal Pell grants | 18% | $5,672 |
| Federal student loans | 35% | $6,351 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $22,511.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $36,203 |
| $30,001 – $75,000 | $36,558 |
| Over $75,000 | $41,681 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $40,287 |
| Off-campus title-IV students | $39,244 |
For a customized cost estimate, visit Embry-Riddle Prescott’s net price calculator: prescott.erau.edu/financial-aid/net-price-calculator.
The median student at Embry-Riddle Prescott graduates with $14,250 in federal 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.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Embry-Riddle Prescott.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $13,000 |
| High income | $14,750 |
First-Gen vs Continuing-Gen Median Debt
| 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 |
These indicators are derived from the underlying debt data and summarize the overall picture at Embry-Riddle Prescott.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Embry-Riddle Prescott:
| 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 | 169 |
| Total GI Bill amount | $5,647,665 |
| Average GI Bill amount per recipient | $33,418 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $750 |
| Average DoD amount per recipient | $750 |
References
More about our data sources and methodologies.