by our College Data Analytics TeamA lot of students will not be asked to pay 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 sum total of attendance at Fortis Institute-Cookeville can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Fortis Institute - Cookeville offer, and what will you qualify for? Read on for more information. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Fortis Institute-Cookeville.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Fortis Institute-Cookeville, 94% of entering full-time freshmen got some type of financial assistance approximately 17 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $8,145 |
| Institutional grants & scholarships | 44% | $138 |
| Federal Pell grants | 89% | $7,245 |
| State/local grants | 11% | $5,000 |
| Federal student loans | 94% | $7,365 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 84% of undergraduates were awarded grant or scholarship aid averaging $6,573 (among about 256 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $6,573 |
| Federal Pell grants | 78% | $6,459 |
| Federal student loans | 84% | $8,783 |
On-campus students receiving title-IV aid were awarded grants averaging $7,666.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,350 |
| $30,001 – $75,000 | $25,422 |
| Over $75,000 | $31,068 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,582 |
| Off-campus title-IV students | $24,118 |
To get a personalized net price estimate, try Fortis Institute - Cookeville’s online cost calculator: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_cookeville.html.
Graduating students at Fortis Institute - Cookeville carry a median federal student debt of $11,501 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,501 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure 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 Institute - Cookeville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $17,813 |
| 90th percentile (highest-debt students) | $28,694 |
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 | $10,000 |
| Middle income | $13,000 |
| High income | $13,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,976 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,000 |
| Independent students | $12,997 |
The figure below distills the debt data into a single burden category for Fortis Institute - Cookeville.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Fortis Institute - Cookeville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15511 |
| Total Stafford loan amount | $211,386,854 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $264,032 |
| Average GI Bill amount per recipient | $10,561 |
References
More about our data sources and methodologies.