by our College Data Analytics TeamA lot of students will never be charged 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 price tag of going to Fortis College-Columbia can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Fortis College - Columbia deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Fortis College-Columbia.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Fortis College-Columbia, 94% of first-year full-time students received aid of some kind some 47 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $7,718 |
| Institutional grants & scholarships | 58% | $832 |
| Federal Pell grants | 90% | $6,821 |
| State/local grants | 4% | $2,000 |
| Federal student loans | 90% | $8,871 |
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, about 79% of undergraduate students received gift aid averaging $6,230 (among about 421 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,230 |
| Federal Pell grants | 77% | $5,910 |
| Federal student loans | 72% | $6,826 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,389.
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 | $27,141 |
| $30,001 – $75,000 | $28,179 |
| Over $75,000 | $34,276 |
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 | $20,404 |
| Off-campus title-IV students | $27,508 |
To project your own net price, use Fortis College - Columbia’s online cost calculator: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_columbia.htm.
A typical borrower at Fortis College - Columbia leaves with $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,547 |
| Typical 10-year monthly payment (graduates) | $133.02/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Fortis College - Columbia.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,167 |
| 75th percentile | $13,827 |
| 90th percentile (highest-debt students) | $24,083 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,643 |
| High income | $9,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,834 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,600 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Fortis College - Columbia.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Fortis College - Columbia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32356 |
| Total Stafford loan amount | $383,584,422 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 56 |
| Total GI Bill amount | $465,703 |
| Average GI Bill amount per recipient | $8,316 |
References
More about our data sources and methodologies.