by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Fortis College-Richmond can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does Fortis College - Richmond deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Fortis College-Richmond.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Fortis College-Richmond, 97% of first-year full-time students received aid of some kind around 58 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $7,134 |
| Institutional grants & scholarships | 25% | $346 |
| Federal Pell grants | 92% | $7,118 |
| State/local grants | 3% | $2,000 |
| Federal student loans | 85% | $7,854 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Fortis College - Richmond, some 83% of the undergraduate population received grant aid that averaged $6,165 (covering around 335 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $6,165 |
| Federal Pell grants | 76% | $6,230 |
| Federal student loans | 67% | $7,347 |
For students living on campus and receiving title-IV aid, grants averaged $7,011.
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 | $19,382 |
| $30,001 – $75,000 | $20,010 |
| Over $75,000 | $26,643 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $24,635 |
| Off-campus title-IV students | $19,803 |
For a personalized estimate based on your family’s financial situation, use Fortis College - Richmond’s NPC: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_richmond.htm.
A typical borrower at Fortis College - Richmond leaves with $9,396 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,396 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Fortis College - Richmond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,717 |
| 75th percentile | $10,996 |
| 90th percentile (highest-debt students) | $14,250 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,262 |
| Middle income | $9,500 |
| High income | $8,466 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,340 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Fortis College - Richmond.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Fortis College - Richmond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13400 |
| Total Stafford loan amount | $141,280,916 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $217,559 |
| Average GI Bill amount per recipient | $10,878 |
References
More about our data sources and methodologies.