by our College Data Analytics TeamA lot of 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 total price of attendance at IBMC College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can IBMC offer you, and what will you qualify for? Keep reading for more information. Keep going to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from IBMC College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at IBMC College, 88% of new full-time first-years were awarded at least some aid approximately 305 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $2,435 |
| Institutional grants & scholarships | 20% | $700 |
| Federal Pell grants | 41% | $2,702 |
| State/local grants | 18% | $902 |
| Federal student loans | 55% | $7,154 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at IBMC, about 80% of undergraduate students received gift aid averaging $9,451 (across roughly 579 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $9,451 |
| Federal Pell grants | 72% | $3,251 |
| Federal student loans | 74% | $7,085 |
Title-IV recipients living on campus saw average grant aid of $2,435.
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 | $19,372 |
| $30,001 – $75,000 | $24,346 |
| Over $75,000 | $26,140 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $34,590 |
| Off-campus title-IV students | $32,342 |
To get a personalized net price estimate, try IBMC’s NPC: www.ibmc.edu/consumer-information/net-price-calculator/.
The median student at IBMC graduates with $7,048 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,048 |
| Median federal debt (graduates only) | $8,750 |
| Typical 10-year monthly payment (graduates) | $92.76/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at IBMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $19,159 |
| 90th percentile (highest-debt students) | $23,522 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,486 |
| Middle income | $6,558 |
| High income | $6,333 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,334 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,558 |
| Independent students | $8,033 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. IBMC.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at IBMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8076 |
| Total Stafford loan amount | $109,827,679 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $145,051 |
| Average GI Bill amount per recipient | $8,058 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $4,220 |
| Average DoD amount per recipient | $844 |
References
More about our data sources and methodologies.