by our College Data Analytics TeamA large number of students will not be asked to pay 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 price of attendance at Mingo Extended Learning Center can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Mingo Extended Learning Center provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Mingo Extended Learning Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Mingo Extended Learning Center, 67% of first-year full-time students received aid of some kind (about 2 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $7,395 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
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 Mingo Extended Learning Center, some 92% of the undergraduate population received grant aid that averaged $9,434 (among about 12 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $9,434 |
| Federal Pell grants | 92% | $8,748 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $7,395.
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 | $1,185 |
| $30,001 – $75,000 | $3,373 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $3,290 |
| Off-campus title-IV students | $1,309 |
For a customized cost estimate, visit Mingo Extended Learning Center’s online cost calculator: collegecost.ed.gov/netpricecenter.aspx.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Mingo Extended Learning Center.
References
More about our data sources and methodologies.