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 price tag of going to Fortis Institute-Birmingham can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Fortis Institute - Birmingham offer you, and what will you qualify for? Keep reading for more information. Scroll down to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Fortis Institute-Birmingham.
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 Fortis Institute-Birmingham, 90% of first-time, full-time freshmen received some form of financial aid around 46 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $7,468 |
| Institutional grants & scholarships | 37% | $162 |
| Federal Pell grants | 82% | $7,354 |
| State/local grants | 0% | — |
| Federal student loans | 84% | $8,384 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Fortis Institute - Birmingham, about 82% of undergraduate students received gift aid averaging $6,600 (among about 282 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,600 |
| Federal Pell grants | 81% | $6,339 |
| Federal student loans | 70% | $7,493 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,981.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,585 |
| $30,001 – $75,000 | $23,263 |
| Over $75,000 | $29,880 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $25,946 |
| Off-campus title-IV students | $22,914 |
For a customized cost estimate, visit Fortis Institute - Birmingham’s NPC: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_birmingham.htm.
The middle student in the debt distribution at Fortis Institute - Birmingham owes $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,346 |
| Typical 10-year monthly payment (graduates) | $130.89/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Fortis Institute - Birmingham.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $13,992 |
| 90th percentile (highest-debt students) | $23,501 |
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 | $9,500 |
| Middle income | $10,727 |
| High income | $9,832 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Fortis Institute - Birmingham.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Fortis Institute - Birmingham:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20521 |
| Total Stafford loan amount | $232,959,126 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $229,630 |
| Average GI Bill amount per recipient | $9,984 |
References
More about our data sources and methodologies.