by our College Data Analytics TeamMany students will not be asked to pay 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 price tag of going to Midwest Institute can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Midwest Institute provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Midwest Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Midwest Institute, 58% of first-time, full-time freshmen received some form of financial aid (about 28 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $5,899 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 52% | $5,899 |
| State/local grants | 0% | — |
| Federal student loans | 58% | $9,754 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 50% of undergraduates were awarded grant or scholarship aid averaging $4,530 (for some 117 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,530 |
| Federal Pell grants | 50% | $4,530 |
| Federal student loans | 50% | $8,458 |
For on-campus title-IV students, average grant aid came to $4,122.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,111 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $18,509 |
| Off-campus title-IV students | $18,642 |
For a personalized estimate based on your family’s financial situation, use Midwest Institute’s online cost calculator: midwestinstitute.edu/20-21-net-price-calculator.html.
The median federal debt load at Midwest Institute comes to $9,500 in federal loans.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Midwest Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $20,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Midwest Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Midwest Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2967 |
| Total Stafford loan amount | $30,222,763 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $35,284 |
| Average GI Bill amount per recipient | $8,821 |
References
More about our data sources and methodologies.