by our College Data Analytics TeamThe majority 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 PCI Academy-Iowa City can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will PCI Academy-Iowa City deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at PCI Academy-Iowa City.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at PCI Academy-Iowa City, 92% of the incoming full-time class was awarded financial aid roughly 47 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $3,207 |
| Institutional grants & scholarships | 47% | $1,692 |
| Federal Pell grants | 41% | $3,846 |
| State/local grants | 6% | $2,305 |
| Federal student loans | 63% | $6,775 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At PCI Academy-Iowa City, some 73% of undergraduates were awarded grant or scholarship aid averaging $3,588 (among about 115 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $3,588 |
| Federal Pell grants | 34% | $4,968 |
| Federal student loans | 56% | $8,779 |
On-campus students receiving title-IV aid were awarded grants averaging $1,651.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,320 |
| $30,001 – $75,000 | $18,062 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $20,938 |
| Off-campus title-IV students | $21,367 |
To project your own net price, use PCI Academy-Iowa City’s net price calculator: www.pci-academy.com/webres/file/calculators/iowa-city-npc.html.
Graduating students at PCI Academy-Iowa City carry a median federal student debt of $4,858 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,858 |
| Median federal debt (graduates only) | $5,828 |
| Typical 10-year monthly payment (graduates) | $61.79/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 PCI Academy-Iowa City.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,333 |
| 25th percentile | $3,666 |
| 75th percentile | $12,677 |
| 90th percentile (highest-debt students) | $17,083 |
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 | $5,277 |
| Middle income | $5,504 |
| High income | $3,666 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,789 |
| Continuing-generation students | $5,277 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,211 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. PCI Academy-Iowa City.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at PCI Academy-Iowa City:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2176 |
| Total Stafford loan amount | $18,057,586 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.