by our College Data Analytics TeamMost students will not be asked to pay 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 total cost of going to Florida Education Institute can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Florida Education Institute provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Florida Education Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Florida Education Institute, 93% of first-year full-time students received aid of some kind some 515 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $4,881 |
| Institutional grants & scholarships | 6% | $1,004 |
| Federal Pell grants | 76% | $4,793 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $7,796 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Florida Education Institute, about 63% of undergraduates were awarded grant or scholarship aid averaging $5,773 (covering around 639 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,773 |
| Federal Pell grants | 60% | $5,795 |
| Federal student loans | 58% | $8,254 |
For on-campus title-IV students, average grant aid came to $4,701.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $36,440 |
| $30,001 – $75,000 | $36,234 |
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 | $36,273 |
| Off-campus title-IV students | $36,440 |
For a personalized estimate based on your family’s financial situation, use Florida Education Institute’s net price tool: fei.edu/net-price-calculator-system/.
Graduating students at Florida Education Institute carry a median federal student debt of $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Florida Education Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $8,000 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Florida Education Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Florida Education Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2658 |
| Total Stafford loan amount | $22,085,849 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $9,140 |
| Average GI Bill amount per recipient | $9,140 |
References
More about our data sources and methodologies.