by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Florida Professional Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Florida Professional Institute deliver, and just what are you going to be eligible for? Read on for answers. 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 Florida Professional Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. 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 Florida Professional Institute, 68% of the incoming full-time class was awarded financial aid (about 89 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $4,576 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $4,576 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $6,082 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Florida Professional Institute, around 71% of undergraduates were awarded an average grant or scholarship of $9,211 (across approximately 143 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $9,211 |
| Federal Pell grants | 71% | $3,315 |
| Federal student loans | 69% | $6,066 |
On-campus students receiving title-IV aid were awarded grants averaging $4,576.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $31,562 |
| $30,001 – $75,000 | $30,719 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,688 |
| Off-campus title-IV students | $31,590 |
For a personalized estimate based on your family’s financial situation, use Florida Professional Institute’s NPC: www.fpi.edu/.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Florida Professional Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Florida Professional Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 46 |
| Total Stafford loan amount | $221,054 |
References
More about our data sources and methodologies.