Number Received Financial Aid (All Undergraduate)
38
Percent Received Financial Aid(All Undergraduate)
67%
Average Aid Amount
$4,686
Number Received Financial Aid (Freshmen)
17
Percent Received Financial Aid (Freshmen)
94%
Financial Aid Information at Formations Institute
For the academic year 2023-2024, a total of 38 students (67% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $4,686. For freshmen (Full-time, first-time degree-seeking undergraduate students), 17 students (94% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Formations Institute is $17,400, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 38 students (67% of all students) have received grants or scholarships and the average received aid amount is $4,686. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Formations Institute for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 38 | 67% | $4,686 |
| Pell Grants | 34 | 60% | $4,684 |
| Federal Student Loans | 39 | 68% | $5,584 |
Beginning Students Financial Aid
a total of 17 beginning students (94% of all freshmen) have received any financial aid and 17 students (94% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Formations Institute.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 17 | 94% | - |
| Grants or Scholarship from All Sources | 16 | 89% | $5,414 |
| Federal Grants | 16 | 89% | $4,945 |
| Pell Grants | 13 | 72% | $5,509 |
| Other Federal Grants | 6 | 33% | $1,250 |
| State/Local Grants | 1 | 6% | $1,000 |
| Institutional Grants | 5 | 28% | $1,300 |
| Student Loans | 13 | 72% | $6,852 |
| Federal Student Loans | 13 | 72% | $6,852 |
| Other Student Loans | 0 | 0% | - |
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