by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Metropolitan Learning Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will MLI offer, and what will you qualify for? Read on for more information. Read on to find out just how much financial aid will be open 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 Metropolitan Learning Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Metropolitan Learning Institute, 100% of the incoming full-time class was awarded financial aid roughly 289 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,623 |
| Institutional grants & scholarships | 3% | $2,614 |
| Federal Pell grants | 100% | $5,452 |
| State/local grants | 85% | $2,456 |
| Federal student loans | 0% | — |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At MLI, around 94% of the undergraduate population received grant aid that averaged $7,620 (covering around 482 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $7,620 |
| Federal Pell grants | 89% | $5,403 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $6,700.
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 | $9,675 |
| $30,001 – $75,000 | $9,575 |
| Over $75,000 | $8,659 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $12,699 |
| Off-campus title-IV students | $9,526 |
To get a personalized net price estimate, try MLI’s NPC: www.gettraining.org/about-us/net-price-calculator/.
These indicators are derived from the underlying debt data and summarize the overall picture at MLI.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at MLI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 357 |
| Total Stafford loan amount | $4,470,583 |
References
More about our data sources and methodologies.