$4,605

Avg. Federal Grant

$8,279

Avg. Federal Loan

$423,621

Total Aid Awarded

Illinois Media School Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$423.621K

Financial Aid Official Website

www.beonair.com/lombard

It is interesting to note that, every year, around 81% of students at IMS receive some kind of financial aid, while the total amount of assistance/loans provided is $1,045,058. At IMS, the total percentage of applicants who receive the Federal Grant stands at 81%. In comparison, 81% of the students get the Student Grant, and 81% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,678. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 81% of the applicants to Illinois Media School opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,605

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,518

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,160

$30,001 - $48,000

$2,176

$48,001 - $75,000

$320

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Illinois Media School

Average Loan Amount Average Loan Amount received per year.

$8,279/Year

Students Taking Out Loans

80%

Loan Default Rate

17.7%

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