Financial Aid at Institute of Technology
Financial Aid Amount Received
$4,735 (15.30% of tuition)
Percent of Financial Aid Received
53% of 261 students
244 undergraduate students (53% of all students) have received grants, scholarships, and/or federal student loans at Institute of Technology (Salem, OR). The percentage of students who received financial aid average compared to Private (for-profit), Less Than 2-Years Colleges in Oregon.
Compared to similar schools in rankings such as College of Hair Design Careers and East West College of the Healing Arts, the percentage of students who received financial aid is higher (the average of the schools is 62.10%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,735 and the average loan amount is $7,752. The average financial aid amount is 15.30% of tuition & fees (tuition & fees: $30,956).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 244 | 53% | $1,155,461 | $4,735 |
| Pell Grants | 230 | 50% | $882,767 | $3,838 |
| Federal Students Loans | 242 | 52% | $1,875,880 | $7,752 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 130 students have received one or more types of financial aid at Institute of Technology (Salem, OR).
The average amount of federal, state, local or institutional grant aid is $4,773 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,313.
The following table shows the financial data by type of aid at Institute of Technology (Salem, OR).
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 203 | 91% | - | - |
| Grant or scholarship aid | 130 | 58% | $620,434 | $4,773 |
| Federal Grants | 130 | 58% | $620,434 | $4,773 |
| Pell Grants | 128 | 57% | $527,715 | $4,123 |
| Other Federal Grants | 97 | 43% | $92,719 | $956 |
| State/Local Grants | 0 | 0% | $0 | $0 |
| Institutional Grants | 0 | 0% | $0 | $0 |
| Student Loans | 195 | 87% | $1,621,055 | $8,313 |
| Federal Student Loans | 167 | 75% | $1,454,705 | $8,711 |
| Other Student Loans | 126 | 56% | $166,350 | $1,320 |