$5,072

Avg. Federal Grant

$5,790

Avg. Federal Loan

$991,064

Total Aid Awarded

International Business College-Fort Wayne Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$991.064K

Financial Aid Official Website

www.ibcfortwayne.edu/aid

As many as 95% of the students at IBCFW get some sort of financial aid, and the total amount of assistance/loans provided is more than $788,050 in a year. At IBCFW, the total percentage of applicants who receive the Federal Grant stands at 65%. Meanwhile, 76% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 65% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,095, while the same comes to $3,487 for State Grant receivers and $706 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,024. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At IBCFW, an estimated number of 91% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

43%

Institution Grant Aid

9%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,072

State Grant Aid

$3,704

Institution Grant Aid

$714

Pell Grant

$4,903

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,872

$30,001 - $48,000

$6,025

$48,001 - $75,000

$2,996

$75,001 - $110,000

$657

Over $110,000

N/A

Student Loans for International Business College-Fort Wayne

Average Loan Amount Average Loan Amount received per year.

$6,359/Year

Students Taking Out Loans

93%

Loan Default Rate

8.1%

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