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 total cost of going to Omega Studios’ School of Applied Recording Arts & Sciences can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Omega Studios’ School of Applied Recording Arts & Sciences offer, and what will you qualify for? Keep reading for more information. Keep going to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Omega Studios’ School of Applied Recording Arts & Sciences.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Omega Studios’ School of Applied Recording Arts & Sciences, 67% of first-year full-time students received aid of some kind (about 38 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 28% | $5,651 |
| Institutional grants & scholarships | 2% | $5,000 |
| Federal Pell grants | 28% | $5,120 |
| State/local grants | 11% | $583 |
| Federal student loans | 47% | $9,679 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 57% of undergraduates were awarded an average grant or scholarship of $2,899 (across roughly 56 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $2,899 |
| Federal Pell grants | 22% | $5,627 |
| Federal student loans | 40% | $8,492 |
For students living on campus and receiving title-IV aid, grants averaged $2,906.
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 | $56,871 |
| Off-campus title-IV students | $38,871 |
For a customized cost estimate, visit Omega Studios’ School of Applied Recording Arts & Sciences’s online cost calculator: omegastudios.com/wp-content/uploads/2018/NetPrice/npcalc[1].htm.
The median federal debt load at Omega Studios’ School of Applied Recording Arts & Sciences comes to $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/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. The percentiles below describe the cumulative federal debt distribution for borrowers at Omega Studios’ School of Applied Recording Arts & Sciences.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,584 |
| 75th percentile | $7,917 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $5,500 |
| Middle income | $5,500 |
| High income | $4,656 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,656 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $8,043 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Omega Studios’ School of Applied Recording Arts & Sciences.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Omega Studios’ School of Applied Recording Arts & Sciences:
| Metric | Value |
|---|---|
| Stafford loan recipients | 440 |
| Total Stafford loan amount | $2,410,029 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $23,528 |
| Average GI Bill amount per recipient | $23,528 |
References
More about our data sources and methodologies.