by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Embry-Riddle Aeronautical University-Worldwide can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Embry-Riddle Worldwide offer you, and what will you qualify for? Keep scrolling for more information. Keep going to learn 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Embry-Riddle Aeronautical University-Worldwide.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Embry-Riddle Aeronautical University-Worldwide, 50% of entering full-time freshmen got some type of financial assistance around 58 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $4,910 |
| Institutional grants & scholarships | 24% | $1,803 |
| Federal Pell grants | 30% | $5,618 |
| State/local grants | 5% | $5,459 |
| Federal student loans | 9% | $6,263 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 41% of undergraduate students received gift aid averaging $4,690 (across approximately 3714 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $4,690 |
| Federal Pell grants | 26% | $3,828 |
| Federal student loans | 10% | $7,153 |
Title-IV recipients living on campus saw average grant aid of $6,153.
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 | $18,743 |
| $30,001 – $75,000 | $19,686 |
| Over $75,000 | $24,015 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $18,725 |
| Off-campus title-IV students | $19,733 |
To get a personalized net price estimate, try Embry-Riddle Worldwide’s NPC: www.shoppingsheet.com/Shopping/Landing/erau-426314.
The median student at Embry-Riddle Worldwide 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Embry-Riddle Worldwide.
| 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.
Debt by Income Tier
| 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 |
Dependency-Status Comparison
| 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 Worldwide.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Embry-Riddle Worldwide:
| Metric | Value |
|---|---|
| Stafford loan recipients | 36308 |
| Total Stafford loan amount | $800,164,137 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 2433 |
| Total GI Bill amount | $19,566,841 |
| Average GI Bill amount per recipient | $8,042 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3535 |
| Total DoD amount | $9,498,371 |
| Average DoD amount per recipient | $2,687 |
References
More about our data sources and methodologies.