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 cost of going to Institute of Technology can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Fresno Institute of Technology provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Institute of Technology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Institute of Technology, 87% of the incoming full-time class was awarded financial aid (about 846 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $6,800 |
| Institutional grants & scholarships | 0% | $1,557 |
| Federal Pell grants | 59% | $5,910 |
| State/local grants | 9% | $6,824 |
| Federal student loans | 65% | $8,216 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Fresno Institute of Technology, about 64% of undergraduates were awarded grant or scholarship aid averaging $7,019 (across roughly 1447 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $7,019 |
| Federal Pell grants | 60% | $5,965 |
| Federal student loans | 67% | $7,723 |
For on-campus title-IV students, average grant aid came to $6,069.
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 | $22,097 |
| $30,001 – $75,000 | $23,157 |
| Over $75,000 | $26,710 |
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 | $23,159 |
| Off-campus title-IV students | $23,027 |
For an estimate tailored to your family circumstances, see Fresno Institute of Technology’s net price tool: www.iot.edu/financial-aid/net-price-calculator/.
A typical borrower at Fresno Institute of Technology leaves with $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Fresno Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,938 |
| 25th percentile | $5,657 |
| 75th percentile | $13,224 |
| 90th percentile (highest-debt students) | $16,719 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $7,735 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,735 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Fresno Institute of Technology.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Fresno Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 22470 |
| Total Stafford loan amount | $223,319,302 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 78 |
| Total GI Bill amount | $896,154 |
| Average GI Bill amount per recipient | $11,489 |
References
More about our data sources and methodologies.