by our College Data Analytics TeamMost students will never be charged 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 price of attendance at Institute for Business and Technology can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Institute for Business and Technology provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Institute for Business and Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Institute for Business and Technology, 94% of entering full-time freshmen got some type of financial assistance around 600 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $4,813 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 58% | $4,551 |
| State/local grants | 2% | $10,169 |
| Federal student loans | 72% | $7,596 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Institute for Business and Technology, roughly 44% of undergraduate students received gift aid averaging $4,737 (for some 506 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,737 |
| Federal Pell grants | 44% | $4,535 |
| Federal student loans | 48% | $7,700 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,294.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,230 |
| $30,001 – $75,000 | $25,757 |
| Over $75,000 | $28,705 |
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 | $27,207 |
| Off-campus title-IV students | $23,790 |
For an estimate tailored to your family circumstances, see Institute for Business and Technology’s net price tool: ibt.edu/net-price-calculator/.
The median federal debt load at Institute for Business and Technology comes to $7,600 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,600 |
| Median federal debt (graduates only) | $7,853 |
| Typical 10-year monthly payment (graduates) | $83.25/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Institute for Business and Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $5,134 |
| 75th percentile | $8,867 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,600 |
| Middle income | $7,600 |
| High income | $5,133 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,600 |
| Continuing-generation students | $7,600 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,133 |
| Independent students | $8,489 |
A handful of calculated indicators summarize the debt outlook at Institute for Business and Technology.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Institute for Business and Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12857 |
| Total Stafford loan amount | $99,095,600 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 42 |
| Total GI Bill amount | $794,070 |
| Average GI Bill amount per recipient | $18,906 |
References
More about our data sources and methodologies.