by our College Data Analytics TeamMany 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 total cost of going to Fortis Institute-Pensacola can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Fortis Institute - Pensacola 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. Read on to get a sense of the financial assistance available at Fortis Institute-Pensacola.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Fortis Institute-Pensacola, 93% of first-time, full-time freshmen received some form of financial aid some 42 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $7,798 |
| Institutional grants & scholarships | 33% | $579 |
| Federal Pell grants | 89% | $7,226 |
| State/local grants | 4% | $4,063 |
| Federal student loans | 84% | $7,679 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, around 76% of undergraduate students received gift aid averaging $6,217 (across roughly 504 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $6,217 |
| Federal Pell grants | 71% | $6,219 |
| Federal student loans | 71% | $8,023 |
Title-IV recipients living on campus saw average grant aid of $7,427.
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 | $22,958 |
| $30,001 – $75,000 | $25,949 |
| Over $75,000 | $28,112 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $27,867 |
| Off-campus title-IV students | $24,076 |
For an estimate tailored to your family circumstances, see Fortis Institute - Pensacola’s NPC: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_pensacola.htm.
The median federal debt load at Fortis Institute - Pensacola comes to $9,122 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,122 |
| 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.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Fortis Institute - Pensacola.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $12,012 |
| 90th percentile (highest-debt students) | $17,365 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,109 |
| Middle income | $9,500 |
| High income | $7,667 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,041 |
| Continuing-generation students | $9,274 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Fortis Institute - Pensacola.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Fortis Institute - Pensacola:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15034 |
| Total Stafford loan amount | $146,613,748 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 95 |
| Total GI Bill amount | $1,170,571 |
| Average GI Bill amount per recipient | $12,322 |
References
More about our data sources and methodologies.