Understanding the Cost of Education at Porter and Chester Institute

For individuals seeking career-focused education, understanding the financial aspects of attending a vocational school is crucial. This article provides a detailed overview of the tuition costs, financial aid options, and other expenses associated with Porter and Chester Institute.

Overview of Porter and Chester Institute

Porter & Chester Institute, identified by IPEDS ID 130174, is a private for-profit institution. The college maintains a 61% retention rate, reflecting student satisfaction and academic support. Porter & Chester Institute provides a supportive academic environment focused on student learning and success. It is located in Bridgeport, CT. The college accommodates diverse student needs with flexible enrollment options for part-time and working students. Porter & Chester Institute offers programs in 5 different fields of study.

In 2023, Porter & Chester Institute awarded 828 degrees and certificates across all programs. The most popular 1 to 2 Year Postsecondary Certificate concentrations at Porter & Chester Institute (130174) were Electrician (199 degrees awarded), Licensed Practical & Vocational Nurse Training (128 degrees), and Medical Assistant (107 degrees).

Tuition Costs

In 2023, the median undergraduate tuition at Porter & Chester Institute (130174) is $15,550. This is $1,738 more than the national average for similar institutions, which stands at $13,813.

The cost of tuition at Porter & Chester Institute (130174) is $1,738 more than than the overall (public and private) national average for ($13,813).

Average Net Price

The average net price at Porter & Chester Institute (130174) in 2023 was $18,206. This figure represents the price students pay after factoring in grants and loans. Between 2022 and 2023, the average net price at Porter & Chester Institute (130174) grew by 11.3%. It's important to note that the average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state, or local governments, or the institution.

Other Student Expenses

Beyond tuition, students should also budget for other expenses such as room and board, and books and supplies. In 2023, the average yearly cost for room and board at Porter & Chester Institute (130174) was $11,560. Additionally, the average yearly cost of books and supplies was $2,040.

Financial Aid

Financial aid is a critical component in making education affordable. In 2023, 63% of undergraduate students attending Porter & Chester Institute (130174) received financial aid through grants. Comparatively, 54% of undergraduate students received financial aid through loans. This represents a decline of 19.2% with respect to 2022, when 78% of undergraduate students received financial aid.

The average aid package awarded was $9,539. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Net Price by Income Level

How much a student actually pays usually depends, at least in part, on their family's household income. At Porter & Chester Institute this year, we project students with incomes over $110K will pay around $22,746, while students with incomes between $30K and $48K will pay around $14,402. That's a difference of $8,344.

Read also: Tuition & Affordability

Projected net price at Porter & Chester Institute:

<$30K: $16,688
$30K-$48K: $14,402
$48K-$75K: $16,774
$75K-$110K: $18,548
>$110K: $22,746

Student Loan Default Rate

The cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. In 2022 the default rate for borrower's at Porter & Chester Institute (130174) was 0%, which represents 0 out of the 1527 total borrowers.

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

Enrollment and Student Demographics

In 2023, Porter & Chester Institute (130174) had a total enrollment of 1,405 students. The full-time enrollment at Porter & Chester Institute (130174) is 1,199 students and the part-time enrollment is 206. This means that 85.3% of students enrolled at Porter & Chester Institute (130174) are enrolled full-time.

The enrolled student population at Porter & Chester Institute (130174), both undergraduate and graduate, is 27.5% Black or African American, 26.8% White, 22% Hispanic or Latino, 4.98% Native Hawaiian or Other Pacific Islanders, 4.34% Two or More Races, 1.42% Asian, and 0.285% American Indian or Alaska Native.

Students enrolled at Porter & Chester Institute (130174) in full-time Undergraduate programs are most commonly White Male (17%), followed by Black or African American Male (14.2%) and Black or African American Female (14.1%).

Graduates

In 2023, 128 fewer women than men received degrees from Porter & Chester Institute (130174). The most common race/ethnicity group of degree recipients at Porter & Chester Institute (130174) is white (239 degrees awarded). There were 1.09 times more white recipients than the next closest race/ethnicity group, black or african american (219 degrees).

In 2023, the most specialized majors across all degree types at Porter & Chester Institute (130174), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (240 degrees awarded), Mechanical Technologies (220 degrees), and Health (339 degrees).

Race & Ethnicity by Share

The most common race/ethnicity at Porter & Chester Institute (130174) is white (239 degrees awarded). There were 1.09 times more white recipients than the next closest race/ethnicity group, black or african american (219 degrees).12.7% of degree recipients (105 students) did not report their race.

Race & Ethnicity by Sex

The most common race/ethnicity and sex grouping at Porter & Chester Institute (130174) is white male (157 degrees awarded). There were 1.38 times more white male recipients than the next closest race/ethnicity group, black or african american male (114 degrees).

Most Common Majors

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Porter & Chester Institute (130174) was Electrician with 199 degrees awarded.

In 2023, 186 degrees were awarded to men at Porter & Chester Institute (130174) in Electrician, which is 14.3 times more than the 13 female recipients with that same degree.

Time to Complete

In 2023, 38% of students graduating from Porter & Chester Institute (130174) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 57% completed their degrees within 150% of the normal time, and 57% within 200%.

Full-Time vs Part-Time Enrollment

The total enrollment at Porter & Chester Institute (130174) in 2023, both undergraduate and graduate, is 1,405 students. The full-time enrollment at Porter & Chester Institute (130174) is 1,199 and the part-time enrollment is 206.

Retention Rate

The retention rate for full-time undergraduates at Porter & Chester Institute (130174) was 61%. Over the last five years, at Porter & Chester Institute, about 61% of full-time students returned the following fall to continue their degree.

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Porter & Chester Institute (130174) are Registered nurses (1,454,552 people), Medical & health services managers (157,474 people), Nurse practitioners & nurse midwives (152,332 people), Pharmacists (133,617 people), and Physicians (108,626 people).

Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Porter & Chester Institute (130174) are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,544,509 people), Outpatient care centers (260,428 people), uninformed (242,818 people), Elementary & secondary schools (239,334 people), and Offices of physicians (204,361 people).

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