by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at North Central Institute can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will North Central Institute offer, and what will you qualify for? Read on for more information. Read on to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from North Central Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at North Central Institute, 63% of the incoming full-time class was awarded financial aid some 19 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $4,612 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 43% | $4,660 |
| State/local grants | 10% | $1,333 |
| Federal student loans | 27% | $5,249 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At North Central Institute, roughly 16% of the undergraduate population received grant aid that averaged $4,967 (among about 24 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 16% | $4,967 |
| Federal Pell grants | 16% | $4,835 |
| Federal student loans | 9% | $5,000 |
For on-campus title-IV students, average grant aid came to $4,541.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,547 |
| $30,001 – $75,000 | $26,042 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,566 |
| Off-campus title-IV students | $24,033 |
For a customized cost estimate, visit North Central Institute’s net price calculator: netpricecalculator.nci.edu/.
The figure below distills the debt data into a single burden category for North Central Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at North Central Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 183 |
| Total Stafford loan amount | $1,776,925 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 36 |
| Total GI Bill amount | $133,488 |
| Average GI Bill amount per recipient | $3,708 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 38 |
| Total DoD amount | $101,144 |
| Average DoD amount per recipient | $2,662 |
References
More about our data sources and methodologies.