For the academic year 2022-2023, total 12 full-time, first-time students (86% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 32 students (86% of all students) received grants or scholarships and the average grant amount is $4,107. In addition, 26 students received student loans and the average loan amount is $4,710.
Below tables show the number and amount by source of financial aid at Formations Institute.
For all undergraduate students, total 32 students (86% of all students) received grants or scholarships and the average grant amount is $4,107. In addition, 26 students received student loans and the average loan amount is $4,710.
Below tables show the number and amount by source of financial aid at Formations Institute.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 32 | 86% | $4,107 |
| Pell Grants | 31 | 84% | $3,981 |
| Federal Student Loans | 26 | 70% | $4,710 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 12 | 86% | - |
| Grants or Scholarship from All Sources | 11 | 79% | $4,206 |
| Federal Grants | 11 | 79% | $4,115 |
| Pell Grants | 11 | 79% | $4,115 |
| Other Federal Grants | 0 | 0% | $0 |
| State/Local Grants | 0 | 0% | $0 |
| Institutional Grants | 1 | 7% | $1,000 |
| Student Loans | 9 | 64% | $3,445 |
| Federal Student Loans | 9 | 64% | $3,445 |
| Other Student Loans | 0 | 0% | $0 |
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