Financial Aid at Formations Institute
Financial Aid Amount Received
$4,686 (26.93% of tuition)
Percent of Financial Aid Received
67% of 27 students
38 undergraduate students (67% of all students) have received grants, scholarships, and/or federal student loans at Formations Institute. The percentage of students who received financial aid higher compared to Private (for-profit), Less Than 2-Years Colleges in Oklahoma.
Compared to similar schools in rankings such as Pontotoc Technology Center and Central Oklahoma College, the percentage of students who received financial aid is higher (the average of the schools is 55.90%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,686 and the average loan amount is $5,584. The average financial aid amount is 26.93% of tuition & fees (tuition & fees: $17,400).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 38 | 67% | $178,053 | $4,686 |
| Pell Grants | 34 | 60% | $159,247 | $4,684 |
| Federal Students Loans | 39 | 68% | $217,763 | $5,584 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 16 students have received one or more types of financial aid at Formations Institute.
The average amount of federal, state, local or institutional grant aid is $5,414 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,852.
The following table shows the financial data by type of aid at Formations Institute.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 17 | 94% | - | - |
| Grant or scholarship aid | 16 | 89% | $86,623 | $5,414 |
| Federal Grants | 16 | 89% | $79,123 | $4,945 |
| Pell Grants | 13 | 72% | $71,623 | $5,509 |
| Other Federal Grants | 6 | 33% | $7,500 | $1,250 |
| State/Local Grants | 1 | 6% | $1,000 | $1,000 |
| Institutional Grants | 5 | 28% | $6,500 | $1,300 |
| Student Loans | 13 | 72% | $89,082 | $6,852 |
| Federal Student Loans | 13 | 72% | $89,082 | $6,852 |
| Other Student Loans | 0 | 0% | $0 | - |