by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Austin Career Institute can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Austin Career Institute offer you, and what will you qualify for? Keep reading for more information. Keep reading to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Austin Career Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Austin Career Institute, 83% of the incoming full-time class was awarded financial aid some 192 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $3,917 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 68% | $3,361 |
| State/local grants | 5% | $7,497 |
| Federal student loans | 66% | $4,289 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, around 50% of undergraduates were awarded grant or scholarship aid averaging $5,426 (for some 172 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $5,426 |
| Federal Pell grants | 47% | $4,802 |
| Federal student loans | 54% | $5,041 |
For students living on campus and receiving title-IV aid, grants averaged $3,227.
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 | $19,520 |
| $30,001 – $75,000 | $19,682 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $17,145 |
| Off-campus title-IV students | $15,238 |
To project your own net price, use Austin Career Institute’s official net price calculator: nces.ed.gov/ipeds/netpricecalculator/#/.
The median student at Austin Career Institute graduates with $4,400 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,400 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Austin Career Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Austin Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 91 |
| Total Stafford loan amount | $504,597 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $654,667 |
| Average GI Bill amount per recipient | $14,879 |
References
More about our data sources and methodologies.