by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to International Business College-Indianapolis can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will International Business College - Indianapolis deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover 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 International Business College-Indianapolis.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at International Business College-Indianapolis, 100% of the incoming full-time class was awarded financial aid around 31 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $8,957 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 87% | $5,738 |
| State/local grants | 55% | $4,555 |
| Federal student loans | 97% | $6,137 |
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 International Business College - Indianapolis, around 68% of undergraduate students received gift aid averaging $8,061 (for some 98 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $8,061 |
| Federal Pell grants | 57% | $5,389 |
| Federal student loans | 83% | $5,879 |
On-campus students receiving title-IV aid were awarded grants averaging $7,801.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,958 |
| $30,001 – $75,000 | $16,748 |
| Over $75,000 | $22,651 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $16,045 |
| Off-campus title-IV students | $14,989 |
To project your own net price, use International Business College - Indianapolis’s official net price calculator: www.ibcindianapolis.edu/aid.
A typical borrower at International Business College - Indianapolis leaves with $11,059 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,059 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at International Business College - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,874 |
| 75th percentile | $14,228 |
| 90th percentile (highest-debt students) | $23,424 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,769 |
| High income | $13,174 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,788 |
| Continuing-generation students | $11,999 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,874 |
| Independent students | $11,899 |
These indicators are derived from the underlying debt data and summarize the overall picture at International Business College - Indianapolis.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at International Business College - Indianapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7300 |
| Total Stafford loan amount | $90,635,679 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $34,182 |
| Average GI Bill amount per recipient | $11,394 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.