by our College Data Analytics TeamMost students are not billed 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 sum total of attendance at Gemological Institute of America-New York can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Gemological Institute of America-New York offer, and what will you qualify for? Read on for more information. Keep reading to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Gemological Institute of America-New York.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Gemological Institute of America-New York, 15% of first-year full-time students received aid of some kind approximately 9 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 15% | $17,889 |
| Institutional grants & scholarships | 10% | $21,928 |
| Federal Pell grants | 6% | $5,512 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Gemological Institute of America-New York, about 15% of the undergraduate population received grant aid that averaged $13,847 (across approximately 44 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 15% | $13,847 |
| Federal Pell grants | 4% | $5,321 |
| Federal student loans | 6% | $3,943 |
On-campus students receiving title-IV aid were awarded grants averaging $22,402.
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 | $33,396 |
| $30,001 – $75,000 | $38,656 |
| Over $75,000 | $33,584 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,977 |
| Off-campus title-IV students | $35,223 |
For a customized cost estimate, visit Gemological Institute of America-New York’s official net price calculator: www.gia.edu/net-price-calculator.
The median student at Gemological Institute of America-New York graduates with $8,233 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,233 |
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Gemological Institute of America-New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,033 |
| 25th percentile | $4,767 |
| 75th percentile | $8,766 |
| 90th percentile (highest-debt students) | $12,233 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,233 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,766 |
| Independent students | $8,233 |
A handful of calculated indicators summarize the debt outlook at Gemological Institute of America-New York.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Gemological Institute of America-New York:
| Metric | Value |
|---|---|
| Stafford loan recipients | 680 |
| Total Stafford loan amount | $4,559,015 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $24,159 |
| Average GI Bill amount per recipient | $24,159 |
References
More about our data sources and methodologies.