International Business College-Indianapolis Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$1.630M
Financial Aid Official Website
N/A
It is interesting to note that, every year, around 97% of students at IBCI receive some kind of financial aid, while the total amount of assistance/loans provided is $1,786,090. The total percentage of candidates applying to International Business College-Indianapolis who receive the Federal Grant is 68%. In comparison, 76% of the students are awarded the Student Grant, 13% get the Institution Grant, and 68% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,440, the State Grant receivers and Institution Grant beneficiaries get $3,851 and $654, respectively. And, for the Pell Grant awardees, the average aid amount is $4,127. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At International Business College-Indianapolis, the percentage of candidates who opt to avail of student loans is around 91%.
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