by our College Data Analytics TeamA large number of students are not billed 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 sum total of attendance at National Career Institute can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will National Career Institute provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from National Career Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at National Career Institute, 99% of entering full-time freshmen got some type of financial assistance some 112 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $3,671 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 78% | $3,792 |
| State/local grants | 11% | $2,787 |
| Federal student loans | 62% | $5,266 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At National Career Institute, about 83% of undergrads got grants or scholarships worth on average $3,551 (across roughly 259 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $3,551 |
| Federal Pell grants | 59% | $3,766 |
| Federal student loans | 47% | $5,175 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,446.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,175 |
| $30,001 – $75,000 | $21,575 |
| Over $75,000 | $24,337 |
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 | $25,261 |
| Off-campus title-IV students | $21,409 |
To get a personalized net price estimate, try National Career Institute’s NPC: nciedu.com/financial-aid.
The middle student in the debt distribution at National Career Institute owes $6,756 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,756 |
| Median federal debt (graduates only) | $6,756 |
| Typical 10-year monthly payment (graduates) | $71.62/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at National Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,644 |
| 25th percentile | $3,911 |
| 75th percentile | $6,756 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,756 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,756 |
| Continuing-generation students | $6,199 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,911 |
| Independent students | $6,756 |
A handful of calculated indicators summarize the debt outlook at National Career Institute.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at National Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2102 |
| Total Stafford loan amount | $15,658,956 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $5,898 |
| Average GI Bill amount per recipient | $2,949 |
References
More about our data sources and methodologies.