by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to MyComputerCareer at Indianapolis can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will MyComputerCareer - Indianapolis offer you, and what will you qualify for? Read on for more information. Keep reading to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from MyComputerCareer at Indianapolis.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At MyComputerCareer at Indianapolis, 85% of first-year full-time students received aid of some kind some 718 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $6,521 |
| Institutional grants & scholarships | 3% | $2,918 |
| Federal Pell grants | 73% | $6,473 |
| State/local grants | 0% | — |
| Federal student loans | 78% | $8,932 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 73% of undergraduate students received gift aid averaging $9,568 (across approximately 1544 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $9,568 |
| Federal Pell grants | 59% | $6,244 |
| Federal student loans | 63% | $8,984 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,653.
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 | $26,388 |
| $30,001 – $75,000 | $27,024 |
| Over $75,000 | $26,749 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $26,182 |
| Off-campus title-IV students | $26,584 |
For a personalized estimate based on your family’s financial situation, use MyComputerCareer - Indianapolis’s net price calculator: www.mycomputercareer.edu/net-price-calculator-indianapolis/.
A typical borrower at MyComputerCareer - Indianapolis leaves with $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 MyComputerCareer - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,797 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for MyComputerCareer - Indianapolis.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at MyComputerCareer - Indianapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1805 |
| Total Stafford loan amount | $13,824,576 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 613 |
| Total GI Bill amount | $10,904,321 |
| Average GI Bill amount per recipient | $17,788 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.