by our College Data Analytics TeamA lot of students will never be charged 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 price tag of going to Madison Adult Career Center can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does Madison Adult Career Center deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Madison Adult Career Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Madison Adult Career Center, 88% of new full-time first-years were awarded at least some aid around 51 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $3,566 |
| Institutional grants & scholarships | 2% | $500 |
| Federal Pell grants | 26% | $5,042 |
| State/local grants | 72% | $2,102 |
| Federal student loans | 14% | $4,862 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 90% of undergraduates were awarded an average grant or scholarship of $3,690 (across roughly 123 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $3,690 |
| Federal Pell grants | 31% | $4,448 |
| Federal student loans | 21% | $4,427 |
For on-campus title-IV students, average grant aid came to $5,640.
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 | $9,087 |
| $30,001 – $75,000 | $9,430 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,218 |
| Off-campus title-IV students | $9,173 |
To get a personalized net price estimate, try Madison Adult Career Center’s net price calculator: helpdesk.mlsd.net/npc/.
The median federal debt load at Madison Adult Career Center comes to $3,383 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,383 |
| Median federal debt (graduates only) | $4,266 |
| Typical 10-year monthly payment (graduates) | $45.23/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
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 Madison Adult Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,372 |
| 75th percentile | $8,500 |
A handful of calculated indicators summarize the debt outlook at Madison Adult Career Center.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Madison Adult Career Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 548 |
| Total Stafford loan amount | $3,567,461 |
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 | 2 |
| Total GI Bill amount | $13,310 |
| Average GI Bill amount per recipient | $6,655 |
References
More about our data sources and methodologies.