by our College Data Analytics TeamThe majority of students will never be charged 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 Pratt Institute-Main can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Pratt Institute offer you, and what will you qualify for? Keep reading for more information. Read on to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Pratt Institute-Main.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Pratt Institute-Main, 85% of the incoming full-time class was awarded financial aid roughly 666 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $26,021 |
| Institutional grants & scholarships | 74% | $25,017 |
| Federal Pell grants | 22% | $5,845 |
| State/local grants | 8% | $5,291 |
| Federal student loans | 40% | $5,059 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Pratt Institute, about 80% of the undergraduate population received grant aid that averaged $25,447 (covering around 3069 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $25,447 |
| Federal Pell grants | 19% | $5,767 |
| Federal student loans | 35% | $6,547 |
For on-campus title-IV students, average grant aid came to $27,390.
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 | $44,129 |
| $30,001 – $75,000 | $44,485 |
| Over $75,000 | $57,158 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $52,659 |
| Off-campus title-IV students | $50,647 |
For an estimate tailored to your family circumstances, see Pratt Institute’s official net price calculator: www.pratt.edu/admissions/financing-your-education/.
The median federal debt load at Pratt Institute comes to $20,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Pratt Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,147 |
| 75th percentile | $29,944 |
| 90th percentile (highest-debt students) | $40,000 |
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 | $22,274 |
| Middle income | $23,250 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,500 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $25,125 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Pratt Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Pratt Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14410 |
| Total Stafford loan amount | $404,908,055 |
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 | 26 |
| Total GI Bill amount | $752,364 |
| Average GI Bill amount per recipient | $28,937 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.