by our College Data Analytics TeamA large number of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Carrington College-Reno can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Carrington College, Reno provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Carrington College-Reno.
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.
For incoming first-year students at Carrington College-Reno, 95% of first-year full-time students received aid of some kind roughly 76 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $4,420 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 80% | $4,337 |
| State/local grants | 3% | $7,000 |
| Federal student loans | 89% | $7,400 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Carrington College, Reno, approximately 40% of undergrads got grants or scholarships worth on average $4,566 (among about 280 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $4,566 |
| Federal Pell grants | 38% | $4,101 |
| Federal student loans | 65% | $8,285 |
Title-IV recipients living on campus saw average grant aid of $3,744.
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 | $47,333 |
| $30,001 – $75,000 | $47,121 |
| Over $75,000 | $49,285 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $51,823 |
| Off-campus title-IV students | $47,705 |
For an estimate tailored to your family circumstances, see Carrington College, Reno’s online cost calculator: carrington.edu/financial-aid/how-much-will-it-cost/.
The median federal debt load at Carrington College, Reno comes to $12,094 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,094 |
| Median federal debt (graduates only) | $15,188 |
| Typical 10-year monthly payment (graduates) | $161.02/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Carrington College, Reno.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,650 |
| 25th percentile | $8,118 |
| 75th percentile | $17,790 |
| 90th percentile (highest-debt students) | $27,688 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,716 |
| Middle income | $14,167 |
| High income | $15,908 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,542 |
| Continuing-generation students | $15,908 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,601 |
| Independent students | $15,188 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Carrington College, Reno.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Carrington College, Reno:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8396 |
| Total Stafford loan amount | $114,858,503 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 27 |
| Total GI Bill amount | $406,558 |
| Average GI Bill amount per recipient | $15,058 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.