by our College Data Analytics TeamA large number of students will not be asked to pay 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 sum total of attendance at InterAmerican Technical Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will ITI deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from InterAmerican Technical Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at InterAmerican Technical Institute, 100% of the incoming full-time class was awarded financial aid some 636 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,915 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $5,915 |
| State/local grants | 0% | — |
| Federal student loans | 93% | $7,034 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At ITI, approximately 100% of undergraduate students received gift aid averaging $5,915 (across roughly 658 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,915 |
| Federal Pell grants | 100% | $5,915 |
| Federal student loans | 90% | $7,034 |
Title-IV recipients living on campus saw average grant aid of $6,279.
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 | $29,741 |
| $30,001 – $75,000 | $29,654 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,543 |
| Off-campus title-IV students | $22,991 |
For an estimate tailored to your family circumstances, see ITI’s NPC: iti.edu/financial-aid.
Graduating students at ITI carry a median federal student debt of $7,917 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
The figure below distills the debt data into a single burden category for ITI.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at ITI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 236 |
| Total Stafford loan amount | $1,859,888 |
References
More about our data sources and methodologies.