by our College Data Analytics TeamThe majority of students are not billed 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 price of attendance at Automeca Technical College - Ponce can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Automeca Technical College - Ponce deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Automeca Technical College - Ponce.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Automeca Technical College - Ponce, 98% of entering full-time freshmen got some type of financial assistance roughly 171 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $9,556 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 97% | $9,266 |
| State/local grants | 15% | $769 |
| Federal student loans | 10% | $2,693 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, approximately 96% of undergraduate students received gift aid averaging $8,383 (for some 274 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $8,383 |
| Federal Pell grants | 96% | $8,052 |
| Federal student loans | 15% | $2,209 |
On-campus students receiving title-IV aid were awarded grants averaging $9,444.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,336 |
| $30,001 – $75,000 | $4,670 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,834 |
| Off-campus title-IV students | $2,583 |
For a personalized estimate based on your family’s financial situation, use Automeca Technical College - Ponce’s net price calculator: www.automeca.com/recursos/#1595299725508-2508486a-2337.
The middle student in the debt distribution at Automeca Technical College - Ponce owes $3,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,000 |
| Median federal debt (graduates only) | $3,030 |
| Typical 10-year monthly payment (graduates) | $32.12/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Automeca Technical College - Ponce.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,473 |
| 25th percentile | $1,750 |
| 75th percentile | $3,500 |
| 90th percentile (highest-debt students) | $5,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $2,600 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $2,817 |
| Continuing-generation students | $3,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $2,600 |
| Independent students | $3,150 |
The figure below distills the debt data into a single burden category for Automeca Technical College - Ponce.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Automeca Technical College - Ponce:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4411 |
| Total Stafford loan amount | $13,655,635 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $164,321 |
| Average GI Bill amount per recipient | $10,955 |
References
More about our data sources and methodologies.