by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Fortis Institute - Towson can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Fortis Institute - Towson offer, and what will you qualify for? Read on for more information. Read on to learn how much school funding will be available 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 figures below will help you estimate the aid you might receive from Fortis Institute - Towson.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Fortis Institute - Towson, 95% of new full-time first-years were awarded at least some aid (about 410 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $6,237 |
| Institutional grants & scholarships | 35% | $255 |
| Federal Pell grants | 89% | $6,054 |
| State/local grants | 0% | — |
| Federal student loans | 90% | $6,611 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Fortis Institute - Towson, roughly 77% of undergraduates were awarded grant or scholarship aid averaging $5,980 (covering around 565 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,980 |
| Federal Pell grants | 76% | $5,823 |
| Federal student loans | 68% | $6,172 |
Title-IV recipients living on campus saw average grant aid of $5,930.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,098 |
| $30,001 – $75,000 | $26,081 |
| Over $75,000 | $31,465 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,549 |
| Off-campus title-IV students | $25,346 |
To get a personalized net price estimate, try Fortis Institute - Towson’s online cost calculator: www.fortis.edu/content/dam/fortis/compliance/netpricecalc/npcalc-fortis_towson.htm.
A typical borrower at Fortis Institute - Towson leaves with $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,547 |
| Typical 10-year monthly payment (graduates) | $133.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Fortis Institute - Towson.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,167 |
| 75th percentile | $13,827 |
| 90th percentile (highest-debt students) | $24,083 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,643 |
| High income | $9,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,834 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,600 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Fortis Institute - Towson.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Fortis Institute - Towson:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32356 |
| Total Stafford loan amount | $383,584,422 |
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 | 5 |
| Total GI Bill amount | $55,863 |
| Average GI Bill amount per recipient | $11,173 |
References
More about our data sources and methodologies.