by our College Data Analytics TeamThe majority 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 total cost of going to Middlebury Institute of International Studies at Monterey can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Middlebury Institute deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Middlebury Institute of International Studies at Monterey.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Middlebury Institute, roughly 92% of undergraduates were awarded an average grant or scholarship of $21,956 (across approximately 11 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $21,956 |
| Federal Pell grants | 42% | $2,910 |
| Federal student loans | 58% | $8,176 |
A typical borrower at Middlebury Institute leaves with $11,522 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,522 |
| Median federal debt (graduates only) | $13,857 |
| Typical 10-year monthly payment (graduates) | $146.91/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Middlebury Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,501 |
| 75th percentile | $24,703 |
| 90th percentile (highest-debt students) | $32,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,303 |
| Middle income | $11,975 |
| High income | $13,153 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,217 |
| Continuing-generation students | $11,950 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,482 |
| Independent students | $4,386 |
These indicators are derived from the underlying debt data and summarize the overall picture at Middlebury Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Middlebury Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6989 |
| Total Stafford loan amount | $167,119,254 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $497,253 |
| Average GI Bill amount per recipient | $20,719 |
References
More about our data sources and methodologies.