by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Stevens-The Institute of Business & Arts can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does Siba offer you, and what will you qualify for? Keep scrolling for more information. Read on to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Stevens-The Institute of Business & Arts.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Stevens-The Institute of Business & Arts, 100% of new full-time first-years were awarded at least some aid approximately 2 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,671 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $5,671 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $5,361 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, about 68% of undergraduates were awarded an average grant or scholarship of $5,978 (across roughly 65 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,978 |
| Federal Pell grants | 67% | $5,731 |
| Federal student loans | 80% | $7,775 |
For on-campus title-IV students, average grant aid came to $5,671.
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 | $20,095 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,137 |
| Off-campus title-IV students | $20,095 |
For a customized cost estimate, visit Siba’s NPC: www.siba.edu/sites/default/files/pages/net-price-calculator.html.
Graduating students at Siba carry a median federal student debt of $21,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Siba.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $8,196 |
| 75th percentile | $37,338 |
| 90th percentile (highest-debt students) | $45,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,668 |
| Independent students | $21,493 |
These indicators are derived from the underlying debt data and summarize the overall picture at Siba.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Siba:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1409 |
| Total Stafford loan amount | $32,570,044 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $47,025 |
| Average GI Bill amount per recipient | $15,675 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.