by our College Data Analytics TeamFinancial 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.
What financial aid options does IBMC offer, and what will you qualify for? Keep scrolling for answers.
$3,333.00 is the typical IBMC College’s first year financial aid package. A significant 96% of freshmen benefit from financial aid, with the main type being loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from IBMC College you may end up taking on.
In addition to scholarships, 86% of first-year students (185 total) got federal grant aid, averaging $3,170.00 per person.
The numbers and the graph following pertain to primarily federal grants, plus some local and state grants.
86% of first-year students at IBMC College (185 total) obtained a federal grant, averaging $3,170.00.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 34.11% | $7,350.00 |
| Income 30k-48k | 6.54% | $3,019.00 |
| Income 48k-75k | 7.01% | $1,499.00 |
| Income 75k-110k | 6.07% | $765.00 |
| Income 110k + | 32.71% | $76.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 214 undergraduate students at IBMC College around 96% (185 total) receive some form of grant aid. The typical amount awarded was $3,333.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.