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.
Discover the financial aid possibilities at Institute of Production and Recording and learn what assistance you might qualify for by continuing to read.
$5,643.00 is the typical Institute of Production and Recording’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Institute of Production and Recording.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Institute of Production and Recording.
65% of first-year students (26 total) were offered scholarships at Institute of Production and Recording, averaging $3,982.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 58% of freshmen (23 total) received a federal grant, for about $4,605.00 a person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.00% | $8,049.00 |
| Income 30k-48k | 5.00% | $7,394.00 |
| Income 48k-75k | 10.00% | $3,927.00 |
| Income 75k-110k | 5.00% | $2,416.00 |
| Income 110k + | 12.50% | $3,933.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
40 Institute of Production and Recording undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $5,643.00.
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.
