by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at The Chicago School at Los Angeles can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will The Chicago School Los Angeles Campus provide, and just what are you going to be eligible for? Read on for answers. Keep going to discover just how much financial aid could be open 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 The Chicago School at Los Angeles.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 56% of undergraduates were awarded grant or scholarship aid averaging $6,802 (across approximately 183 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $6,802 |
| Federal Pell grants | 56% | $6,579 |
| Federal student loans | 75% | $12,295 |
The median student at The Chicago School Los Angeles Campus graduates with $10,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,250 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown 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 The Chicago School Los Angeles Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,166 |
| 25th percentile | $1,949 |
| 75th percentile | $7,593 |
| 90th percentile (highest-debt students) | $24,136 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,500 |
| High income | $11,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $10,938 |
The figure below distills the debt data into a single burden category for The Chicago School Los Angeles Campus.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at The Chicago School Los Angeles Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25080 |
| Total Stafford loan amount | $1,469,420,063 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 88 |
| Total GI Bill amount | $1,312,002 |
| Average GI Bill amount per recipient | $14,909 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $24,875 |
| Average DoD amount per recipient | $2,073 |
References
More about our data sources and methodologies.