by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at American Institute of Healthcare & Technology can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can AIHT Education offer you, and what will you qualify for? Keep reading for more information. Read on to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at American Institute of Healthcare & Technology.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at American Institute of Healthcare & Technology, 92% of new full-time first-years were awarded at least some aid (about 33 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $5,935 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $3,664 |
| State/local grants | 58% | $3,418 |
| Federal student loans | 33% | $5,230 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At AIHT Education, approximately 52% of undergraduates were awarded grant or scholarship aid averaging $3,488 (among about 111 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $3,488 |
| Federal Pell grants | 22% | $3,899 |
| Federal student loans | 13% | $6,111 |
On-campus students receiving title-IV aid were awarded grants averaging $6,342.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,552 |
| $30,001 – $75,000 | $32,365 |
| Over $75,000 | $32,365 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $32,821 |
| Off-campus title-IV students | $32,773 |
To project your own net price, use AIHT Education’s online cost calculator: www.aiht.edu/financial-aid/.
Graduating students at AIHT Education carry a median federal student debt of $4,625 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,625 |
| Median federal debt (graduates only) | $7,125 |
| Typical 10-year monthly payment (graduates) | $75.54/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
These indicators are derived from the underlying debt data and summarize the overall picture at AIHT Education.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at AIHT Education:
| Metric | Value |
|---|---|
| Stafford loan recipients | 102 |
| Total Stafford loan amount | $817,239 |
References
More about our data sources and methodologies.