by our College Data Analytics TeamMost 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 Indiana Institute of Technology-College of Professional Studies can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Indiana Tech - CPS deliver, and just what are you going to be eligible for? Read on for answers. Keep reading 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 Indiana Institute of Technology-College of Professional Studies.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Indiana Institute of Technology-College of Professional Studies, 96% of entering full-time freshmen got some type of financial assistance around 200 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $5,606 |
| Institutional grants & scholarships | 18% | $1,644 |
| Federal Pell grants | 74% | $4,540 |
| State/local grants | 48% | $3,271 |
| Federal student loans | 52% | $6,220 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Indiana Tech - CPS, some 80% of undergraduate students received gift aid averaging $4,565 (for some 2013 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $4,565 |
| Federal Pell grants | 55% | $4,030 |
| Federal student loans | 59% | $5,773 |
For on-campus title-IV students, average grant aid came to $5,560.
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 | $18,705 |
| $30,001 – $75,000 | $19,319 |
| Over $75,000 | $21,284 |
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 | $20,473 |
| Off-campus title-IV students | $19,086 |
For a personalized estimate based on your family’s financial situation, use Indiana Tech - CPS’s net price calculator: cps.indianatech.edu/costs/.
The median federal debt load at Indiana Tech - CPS comes to $12,564 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,564 |
| Median federal debt (graduates only) | $26,391 |
| Typical 10-year monthly payment (graduates) | $279.79/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Indiana Tech - CPS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,416 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $34,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,392 |
| Middle income | $13,521 |
| High income | $9,830 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,062 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $14,423 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Indiana Tech - CPS.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Indiana Tech - CPS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28122 |
| Total Stafford loan amount | $560,550,095 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 300 |
| Total GI Bill amount | $1,131,574 |
| Average GI Bill amount per recipient | $3,772 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 97 |
| Total DoD amount | $160,878 |
| Average DoD amount per recipient | $1,659 |
References
More about our data sources and methodologies.