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 price tag of going to Fortis Institute - Lawrenceville can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Fortis Institute - Lawrenceville offer you, and what will you qualify for? Read on for more information. Keep reading to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Fortis Institute - Lawrenceville.
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 - Lawrenceville, 98% of first-time, full-time freshmen received some form of financial aid around 232 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $6,652 |
| Institutional grants & scholarships | 49% | $157 |
| Federal Pell grants | 90% | $6,473 |
| State/local grants | 0% | $2,000 |
| Federal student loans | 94% | $6,957 |
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, approximately 81% of undergraduates were awarded grant or scholarship aid averaging $6,145 (for some 443 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,145 |
| Federal Pell grants | 79% | $6,057 |
| Federal student loans | 75% | $6,201 |
For on-campus title-IV students, average grant aid came to $6,366.
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 | $18,085 |
| $30,001 – $75,000 | $19,358 |
| Over $75,000 | $20,767 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $22,336 |
| Off-campus title-IV students | $18,433 |
For a customized cost estimate, visit Fortis Institute - Lawrenceville’s net price tool: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_lawrenceville.htm.
The median student at Fortis Institute - Lawrenceville graduates with $9,100 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,100 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/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. The figures below chart the debt distribution at Fortis Institute - Lawrenceville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $6,235 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $13,063 |
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 | $9,332 |
| Middle income | $8,233 |
| High income | $7,214 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,015 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,215 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Fortis Institute - Lawrenceville.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Fortis Institute - Lawrenceville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12806 |
| Total Stafford loan amount | $117,350,719 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $61,793 |
| Average GI Bill amount per recipient | $15,448 |
References
More about our data sources and methodologies.