by our College Data Analytics TeamA large number 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 price tag of going to Fortis College-Indianapolis 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 - Indianapolis provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could 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 Fortis College-Indianapolis.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Fortis College-Indianapolis, 94% of new full-time first-years were awarded at least some aid some 31 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $7,847 |
| Institutional grants & scholarships | 73% | $131 |
| Federal Pell grants | 91% | $7,276 |
| State/local grants | 3% | $4,700 |
| Federal student loans | 82% | $8,223 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 83% of the undergraduate population received grant aid that averaged $7,549 (among about 222 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $7,549 |
| Federal Pell grants | 79% | $6,497 |
| Federal student loans | 74% | $7,807 |
For on-campus title-IV students, average grant aid came to $7,594.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,525 |
| $30,001 – $75,000 | $29,386 |
| Over $75,000 | $33,118 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $27,706 |
| Off-campus title-IV students | $28,374 |
For an estimate tailored to your family circumstances, see Fortis College - Indianapolis’s official net price calculator: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_indianapolis.htm.
The middle student in the debt distribution at Fortis College - Indianapolis owes $12,949 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,949 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Fortis College - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $21,990 |
| 90th percentile (highest-debt students) | $32,366 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,667 |
| Middle income | $13,000 |
| High income | $12,950 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,667 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $13,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Fortis College - Indianapolis.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Fortis College - Indianapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19363 |
| Total Stafford loan amount | $322,515,935 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $73,407 |
| Average GI Bill amount per recipient | $12,235 |
References
More about our data sources and methodologies.