by our College Data Analytics TeamMany 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 price of attendance at Porter and Chester Institute of Stratford can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Porter and Chester Institute deliver, and just what are you going to be eligible for? Read on for answers. Read on to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Porter and Chester Institute of Stratford.
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.
Looking at the entering class at Porter and Chester Institute of Stratford, 89% of first-year full-time students received aid of some kind roughly 278 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,778 |
| Institutional grants & scholarships | 32% | $1,587 |
| Federal Pell grants | 66% | $6,479 |
| State/local grants | 38% | $4,584 |
| Federal student loans | 75% | $8,007 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Porter and Chester Institute, some 67% of the undergraduate population received grant aid that averaged $2,687 (covering around 1030 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $2,687 |
| Federal Pell grants | 57% | $1,540 |
| Federal student loans | 60% | $2,047 |
For on-campus title-IV students, average grant aid came to $7,544.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,469 |
| $30,001 – $75,000 | $15,666 |
| Over $75,000 | $21,214 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,348 |
| Off-campus title-IV students | $17,332 |
For a personalized estimate based on your family’s financial situation, use Porter and Chester Institute’s NPC: www.porterchester.edu/financial-aid/calculator/.
A typical borrower at Porter and Chester Institute leaves with $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Porter and Chester Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $13,910 |
| 90th percentile (highest-debt students) | $14,120 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $8,360 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,417 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,360 |
| Independent students | $12,284 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Porter and Chester Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Porter and Chester Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 27026 |
| Total Stafford loan amount | $290,126,034 |
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 | 7 |
| Total GI Bill amount | $129,227 |
| Average GI Bill amount per recipient | $18,461 |
References
More about our data sources and methodologies.